24 Hrs
Source:
المصري اليوم
المصري اليوم
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The Tax Authority advisor denied any increase in gold craftsmanship (manufacturing) prices, explaining that the protocol signed in 2021 between gold manufacturers and the authority regulates the collection of value-added tax (VAT) on gold jewelry during the hallmarking process. It stipulates an annual fixed increase of 10% on the average craftsmanship cost solely for tax purposes. He confirmed that this increase does not lead to a rise in the actual craftsmanship price when selling to consumers. The aim is to facilitate tax collection and ease the burden on taxpayers and citizens.
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