Why Gold Cheap In Dubai
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Karim merchant group ceo and managing director of pure gold group explains.
Why gold cheap in dubai. Why is gold cheaper in dubai. So make sure you keep a track of the present gold rate in uae before you go ahead and make the purchase. For gold jewellery only a flat tax of 5 applies.
Dubai has always been favoured for its exemption from taxes. Other countries have much higher import taxes. We are ahead of the game because of the import duty.
The other factor why people flock. Vat refund for. Since the international prices of gold fluctuate just as the stock prices in the market the gold buyers in the emirate have an opportunity to take advantage of the falling rates and buy gold at the cheapest rate.
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