The Tax Authority issued book No. 1 on 19/6/2022
It stipulated that, according to what was previously agreed upon between the Authority and representatives of the Division of Traders and Makers of Gold, Silver and Platinum Artifacts, provided that the average operating (workmanship) values determined to determine the added tax shall increase by 10% annually for local crafts, as of 1/7 /2022 until 30/6/2023, in which the tax is collected upon stamping to cover the manufacturing stage and the rest of the trading stages, which are shown in the following table
First gold:
Gram of carat 23.5 VAT 9.24
21 : 6.16
18: 9.24
secound : Silver works:
925 : 1.54
Third : Platinum: Twice the average workmanship value of 18 karat: The value of the tax is 18.48
Fourthly : Gemstones and diamonds: Twice the average workmanship value of 18 karat: The value of the tax is 18.48
