VAT Public Clarification: Gold and Diamonds – Amendment to Tax Treatment of Making Service (VATPO32)

On 29 November 2022, The UAE Federal Tax Authority (“FTA”) published a new VAT Public Clarification (VATPO31). According to the FTA, VATPO32 will provide guidance to tax registrants with respect to supplying Gold and products which mostly consist of Gold.  VATPO32 replace the existing Public Clarification VATPO29 published in June 2022.

Source: tax.gov.ae