Impact of VAT On UAE Jewellery Sector: A positive Step

VAT Impact on UAE Gold Jewellery

Dubai Gold was liked by consumers just because of its design, purity, standard and competitive pricing as the comparison with other markets. More than 180 people, who are living in UAE like to purchase gold from Dubai instead of their own countries.

6 states all over the GCC (Gulf Cooperation Council) mutually agreed to collect VAT at the rate of 5 percent from 1st January 2018 on all non- essential luxury goods. From the introduction of VAT, GCC will be gained Dh12 billion in the UAE in the introduction year.

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