The Cabinet
- after reviewing the Constitution,
- Federal Decree-Law No. 8 of 2017 on Value Added Tax, and its amendments,
- Cabinet Decision No. 52 of 2017 on the Executive Regulations of Federal Decree-Law No. 8 of 2017 on Value Added Tax, and its amendments,
- Cabinet Decision No. 25 of 2018 Regarding Mechanism of Applying Value Added Tax on Gold and Diamonds between Registrants in the State,
- based on the presentation of the Minister of Finance and the approval of the Cabinet,
has decided :
The definitions provided in Federal Decree-Law No. 8 of 2017 referred to herein shall apply to this Decision, and otherwise the following words and phrases shall have the meanings indicated next to each of them, unless the context requires otherwise:
Goods: Precious metals, gemstones and jewellery made from any of the precious metals or gemstones or a combination thereof, provided that the value of such precious metals or gemstones is higher than the value of the other components.
Precious ...