UAE gold retailers hopeful of tax cuts in future, say experts

UAE gold retailers hopeful of tax cuts in future, say experts

Experts say they are confident that the UAE will grant gold retailers in the country a tax cut on their products. 

Dubai’s gold sellers have seen a drop in business of between 40 per cent and 50 per cent since Value-Added Tax (VAT) was introduced in January.

But Jeff Rhodes, Founder of Rhodes Precious Metals Consultancy, says things could be changing soon.

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