For the supply of gold, silver and platinum to be zero rated it needs to have a purity of at least
99% and be tradeable on global bullion markets. For an item to be considered to be at 99%
purity it needs to be certified by the Testing and Metrology Department.
Therefore, it is essential for Bahrain jewelers selling ‘pure’ gold, silver and platinum to hold the
certification before applying VAT at the zero-rate.
Source: linkedin.com (KPMG)
Latest Posts in "Bahrain"
- Bahrain Releases Updated VAT Registration Guide by National Bureau for Revenue
- Bahrain’s NBR Publishes Updated VAT Registration Guide
- Bahrain Releases Updated VAT Guide for Imports and Exports, August 2025
- Bahrain and Russia Sign Customs Mutual Assistance Agreement
- New VAT Guidelines for Owners’ Associations in Bahrain: Economic vs. Non-Economic Activities
