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VAT Reverse Charge on Precious Metals and Stones — articles 1–5

Article 1 — Article (1) Definitions
The definitions stated in the aforementioned Federal Decree-Law No. (8) of 2017 shall apply to this Resolution; otherwise, the following words and phrases shall have the meanings assigned to each of them, unless the cont…
Article 2 — Article (2) Application of Reverse Charge Mechanism to Goods
1. If a supplier supplies Goods to a registered recipient, and the recipient intends to resell them or use them to produce or manufacture Goods, the following rules shall apply: a. The supplier shall not be responsible f…
Article 3 — Article (3) Executive Resolutions
The Minister of Finance shall issue the resolutions necessary to implement the provisions of this Resolution.
Article 4 — Article (4) Repeals
1. Cabinet Resolution No. (25) of 2018 Concerning the Mechanism for Applying Value-Added Tax on Gold and Diamonds Among Registrants in the State shall be repealed. 2. Any provision that violates or contradicts the provis…
Article 5 — Article (5) Resolution Publication and Entry into Force
This Resolution shall be published in the Official Gazette and shall enter into force sixty (60) days after the date of its publication.