Is VAT applied on gold in Saudi Arabia?
Yes, VAT is applied on gold jewelry and making charges, but not on pure investment bars.
What is the current VAT rate on gold?
The standard VAT rate in Saudi Arabia is 15%.
Does VAT apply on both bars and jewelry?
VAT applies mainly on jewelry and making charges; investment-grade gold bars are usually exempt.
Are investment bars exempt from VAT?
Yes, certified gold bars sold for investment are generally VAT-free.
Do tourists get VAT refund on gold?
No, VAT is typically non-refundable for gold purchases in Saudi Arabia.
Is VAT the same in all Saudi cities?
Yes, the VAT rate is uniform across the country.
Do banks charge VAT on gold sales?
Banks selling investment bars usually do not charge VAT; jewelry sales may include VAT.
Are making charges taxed under VAT?
Yes, making charges for jewelry are subject to the 15% VAT.
Can I buy gold VAT-free in Saudi Arabia?
Yes, purchasing certified investment bars or coins usually allows VAT exemption.
How is VAT calculated on jewelry?
VAT is calculated as 15% of the total price, including the making charges.
Does VAT increase resale value?
No, resale value is based on gold weight and purity; VAT is non-refundable.
Which authority regulates VAT on gold?
The Zakat, Tax and Customs Authority (ZATCA) regulates VAT in Saudi Arabia.
Does VAT apply on online gold purchases?
Yes, online purchases of jewelry include VAT on the total price.
Can VAT be refunded at airports?
No, Saudi Arabia does not provide VAT refunds for gold at airports.
Do wholesale purchases include VAT?
Yes, unless buying certified investment bars intended for resale or export.
Does VAT apply on 24K gold bars?
No, pure investment-grade 24K gold bars are typically exempt.
Is VAT charged on gold gifts?
VAT is usually applied at the point of purchase, regardless of gifting.
Do Saudi citizens pay VAT on gold?
Yes, VAT applies to jewelry purchases for all residents.
Does VAT change annually?
The VAT rate is set by law; changes are announced officially by ZATCA.
Is VAT included in the price shown at shops?
Most shops display the final price including VAT, but confirm before buying.