Egypt raises gold craftsmanship fee by 10% in July
The Egyptian Tax Authority has approved a 10% increase in the average craftsmanship (making charge) for gold, silver, and platinum, which is calculated solely on the craftsmanship value and not on the gold price itself. This move aims to keep pace with changes in production costs and inflation. The increase will be implemented from July 2026 to June 2027 and will have a limited impact on jewelry prices, with the increase ranging between $0.02 and $0.03 per gram. The goal of this measure is to standardize tax accounting principles and ensure accurate valuation within the market.
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