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united arab emirates UAE VAT VATupdate

VAT Public Clarification VATP029 on Gold – Making Charge

The Federal Tax Authority (FTA) has issued a new VAT Public Clarification VATP029 on Gold – Making Charge (“VAT Public Clarification VATP029”, “Public Clarification”) providing guidance on the application of the UAE VAT legislation regarding the fee received for the crafting of a gold item by jewelers.

Source KPMG

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