Category: Sharjah Bullion Dealers / Gold Dealers
Click Sharjah gold dealer listings for reviews, info, map & contact details.
Is your Sharjah based bullion company not listed? Add a Sharjah gold dealer
Showing all 7 results
PALM Gold Refinery
Read More
Al Abyad Jewellers
Read More
Alfa Gold LLC
Read More
Dijllah Gold
Read More
Gulf Gold Refinery
Read More
Auriz Gold Refinery
Read MoreSharjah Gold Souk
Read More
Sharjah Gold Dealer Category – Market Background
Sharjah gold dealers may be fewer on the ground than those of Dubai or Abu Dhabi, but these are well-known large dealers with a strong local and international customer base.
As well as our listed Sharjah gold dealers with a web presence, there are hundreds of small jewellers selling 24k gold jewellery (also known as bullion jewellery). These are concentrated in gold souks such as the Sharjah Gold Souk.
Are Bullion Sales Taxed in Sharjah?
The tax situation on Sharjah bullion is clear – there is zero sales tax or capital gains tax on gold bullion, making Sharjah a very bullion-friendly jurisdiction.
SHARJAH SALES TAX ON BULLION
As far as sales tax goes, investment gold bullion is zero rated for VAT whether the bullion is in the form of coins, rounds or bars. Gold jewellery carries VAT at 5%, levied on the full price of the piece, even on 24k jewellery.
SHARJAH CAPITAL GAINS TAX ON BULLION
At present there is zero Capital Gains Tax (CGT) in Sharjah.
Zakat on gold is mandatory for all Muslims and is charged over the total amount of gold owned by a person above a certain quantity. The quantity over which the zakat is applicable to be paid is known as nisab.
The nisab for gold bullion or gold jewellery is 85 grams of gold – meaning if a person owns 85g of gold and has held it for more than a (lunar) year then he is obligated to pay zakat on this gold.
IMPORTANT: The above tax details are listed for information purposes only and are believed correct at time of publication. Bullion.Directory are not tax experts. All enquiries about UAE taxes should be addressed to the appropriate body. Taxes and taxation are subject to change.
Material provided on the Bullion.Directory website is strictly for informational purposes only. The content is developed from sources believed to be accurate at the time of publication; however, no representation or warranty is made as to its completeness or accuracy. No information on this website constitutes investment, financial, tax or legal advice and must not be relied upon as such. Users should consult appropriately qualified professional advisers before making any financial or investment decisions. Precious metals carry risk and may not be suitable for all investors. To the fullest extent permitted by law, Bullion.Directory, its staff, affiliates and associated entities shall not be liable for any loss, damage or loss of profit arising from reliance on information contained on this website or from investment decisions made by readers.
