1 Day
Source:
بوابة الشروق
_1777352244987_250242181.png){kind=small}
Gold Declines While Craft Fees Dispute Persists
Saed Imbabi, the CEO of the I Saghah platform, stated that the controversy surrounding the increase in VAT on gold craftsmanship starting from July 1st is unfounded. He clarified that the Tax Authority has agreed with the Gold Chamber not to set a fixed rate for craftsmanship tax for life, and that the increase will be applied at an annual rate of 10%. This will raise the craftsmanship tax from 14% to approximately 15.40%. He pointed out that the gold market is currently experiencing a downturn, with gold trading at less than 6,500 Egyptian pounds, and warned citizens against making bulk purchases. He recommended buying in installments.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)