Gold and Diamond products subject to VAT
On what Gold and diamond products VAT @5% is applicable?
14/11/2019 15:18:42
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Mohamed14/11/2019 15:21:40
Gold, diamonds and products of gold and diamonds subject to 5% in any of the following cases: - Where the recipient of such goods is not registered for VAT at the date of supply. - Where the recipient’s purpose of purchasing such goods is not to resell, produce or manufacture goods or diamonds or products where the principal component is gold or diamonds. - Where the supply is of a product where gold and diamonds are not the principal component.
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