The UAE Implemented New VAT Regulations for Precious Metals and Jewellery – Awatif Mohammad Shoqi Advocates & Legal Consultancy
The UAE implemented new VAT regulations under Cabinet Decision No. 127/2024 concerning the implementation of the reverse charge mechanism on precious metals and gemstones among VAT-registered businesses in the state. This new VAT regulation explains how VAT applies to gold, silver, diamonds, and other precious metals and gemstones in the UAE.
