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UAE gold VAT, trading rules: What it means for shoppers, traders, investors
Gold is big business in the UAE—here’s how the new VAT rules affect buyers and sellers
Last updated:
3 MIN READ
Dubai: The UAE is one of the biggest players in the global gold market. In fact, in 2023 alone, it exported around $47 billion worth of gold, making it the second-largest exporter in the world. Dubai, in particular, has become a favourite for gold shoppers and dealers alike—thanks to its wide variety, competitive prices, and tax-friendly trade zones.
But if you’re buying or selling gold in the UAE today—whether as a business or as a shopper—it’s important to understand how VAT (Value Added Tax) applies to different types of gold.
Justin VargheseYour Money Editor
Justin is a personal finance author and seasoned business journalist with over a decade of experience. He makes it his mission to break down complex financial topics and make them clear, relatable, and relevant—helping everyday readers navigate today’s economy with confidence.
Before returning to his Middle Eastern roots, where he was born and raised, Justin worked as a Business Correspondent at Reuters, reporting on equities and economic trends across both the Middle East and Asia-Pacific regions.
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