VAT on Gold in UAE: Jewellery, Bars, Making Charges and Tourist Refunds
By Editorial team ·
The UAE introduced 5% VAT in 2018. For gold buyers the rules are simple once you know the difference between jewellery and investment gold.
Gold jewellery
VAT of 5% applies to the jewellery price — the gold value and the making charge. Example: a 20 g 22K chain at 422.22 AED/g with a 20 AED/g making charge costs (20 × 422.22 + 400) × 1.05.
Investment gold
Gold bars and coins of 99% purity or more that are tradable in global bullion markets are zero-rated, which is a key reason investors prefer 24K bars.
Tourist VAT refund
Visitors can usually claim back VAT on purchases from participating retailers through the UAE's tourist refund scheme (Planet Tax Free). Ask for a tax-free form at the shop, keep your receipts and validate them at the airport before departure.
Selling used gold
As an individual selling your own gold to a shop, you do not pay VAT.
FAQ
Is there VAT on gold in Dubai?
Yes, 5% on jewellery (gold value and making charge). Investment bars and coins of 99%+ purity are zero-rated.
Can tourists get VAT back on gold in UAE?
Usually yes, through the tourist refund scheme at participating stores.
Is VAT charged on making charges?
Yes, VAT applies to the full jewellery price including making.
