Zero-rating of precious metals – Article 36 – VAT Executive Regulations

Article 36 – Zero-rating of Precious Metals

1. The supply or import of investment precious metals shall be zero-rated.

2. The phrase “investment precious metals” means gold, silver, and platinum that meet the following standards:

1. The metal is of a purity of 99 percent or more.
2. The metal is in a form tradeable in global bullion markets.