The General Division of Gold and Gold Works of the General Federation of Chambers of Commerce held a series of extended meetings with a number of representatives of the tax authority in the departments of research and income tax and the application of the electronic invoice, to put the final version of writing the electronic invoice for the sale of gold, silver and diamond works, which is scheduled to be implemented within the seventh phase of the circulation of the implementation of the electronic invoice during the current month.
Hani Milad, head of the General Division of Gold and Gold Works at the General Federation of Chambers of Commerce, said that it was agreed with representatives of the Tax Authority to unify the codes corresponding to the gold and silver carats, according to the protocol signed between the taxes and the division, which corresponds in all details.
He explained that the invoice will include mentioning the weight of the goldsmiths in grams and the value of the value-added tax paid in advance to the authority upon stamping, pointing out that the value-added tax on goldsmiths is applied to the value of workmanship only as a container subject to value-added according to the law.
He added that after several seminars between the Tax Authority and the Division, to explain the details of issuing the electronic invoice and to clarify the special nature of the goldsmiths trade, which was held over the past weeks, a final formula was reached It corresponds to the nature of production and sale, provided that the authority issues the final assignment in the form of the content of the electronic invoice in light of what has been agreed upon between the Division and the central administration of the Tax Authority of the form of electronic invoice items for producers of gold and silver products from factories and workshops, and he indicated that the arrangement is being made with representatives of departments Income and value-added tax at the Tax Authority to reach the formula for issuing invoices and electronic receipts for retail trade and direct sales to the public, as this system needs amendments that are in line with the nature of the activity, and consultations are underway with the authority to reach satisfactory and just solutions for the retail trade sector.
