Article 74 - Supply of gold, silver and platinum

A. Tax shall be imposed at the zero rate on the Supply or import of gold, silver and platinum for investment purposes, if the purity of the metal is not less than 99% and it is tradeable in the global bullion market, based on a certificate issued by the concerned body which examines metals and precious stones in the Kingdom.

B. Tax shall be imposed at the zero rate on the first Supply after the extraction of gold, silver and platinum for trading purposes.

GCC FinTax
GCC App for Android & iOS

GCC FinTax is a community for Tax and Finance professionals from GCC to share knowledge, learn and network.

Download Android app   Download IOS app