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Tax agency on gold price rise

Tax agency on gold price rise

The Tax Authority advisor confirmed that the amendments to the Value Added Tax law aim to support the economy and strike a balance between streamlined procedures and government backing. The government is also pursuing the goal of leading exports with a value of $100 billion by 2030. He clarified that gold prices remain linked to global markets, and that the tax base is limited to the craftsmanship fee only. Additionally, the new tax amendments are currently being discussed in Parliament, and a decision to approve them has been issued by the President.

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