The gold VAT rate in Dubai is generally set at 5%, which applies to most gold products, including jewelry and lower-purity items, at the point of sale. However, investment-grade gold with a purity of 99% and above—such as gold bars and coins—when traded on a business-to-business basis, is zero-rated (0% VAT), provided both parties are VAT-registered. With the introduction of Cabinet Decision No. 127 of 2024, effective February 25, 2025, the reverse charge mechanism transfers the responsibility of VAT declaration and payment to the buyer in B2B transactions. This update simplifies compliance and enhances cash flow for businesses. Understanding whether gold qualifies as investment-grade or is sold to end consumers is crucial in determining the applicable VAT rate.