Tax on Selling Gold in Saudi Arabia
Saudi Arabia has no personal income tax for Saudi individuals: income tax applies to companies (on non-Saudi shareholdings) and non-residents with Saudi income, and to non-Saudi residents who carry on commercial activity for profit. A Saudi national selling personal gold or silver pays no income tax on the gain.
Facts checked 26 October 2026 · Not financial, legal or tax advice
At a glance
| What you sell | How the gain is taxed | Notes |
|---|---|---|
| Saudi nationals: personal gold, silver, crypto | No income tax on gains. | |
| Non-Saudi residents carrying on commercial activity | Income tax at 20%. | ZATCA bulletin, December 2023. |
How gold gains are taxed
- There is no individual income tax scheme for Saudi nationals; employment income isn't taxed, and other income is taxed only through an entity or permanent establishment.
- ZATCA lists income taxpayers as resident companies (on non-Saudi partners' shares) and non-residents with a permanent establishment or Saudi-source income.
- A ZATCA bulletin (December 2023) says a resident individual is subject to 20% income tax only if they are not Saudi nationals and carry on a commercial activity for profit.
- ZATCA excludes trading in listed shares by a resident individual from taxable activity.
Whether ZATCA collects Zakat from individuals on personal investments wasn't confirmed.
Tax on selling gold in other countries: United States · Canada · Mexico · Brazil · United Kingdom · Ireland · Germany · France · Italy · Switzerland · Turkey · UAE · Kuwait · Qatar · Egypt · South Africa · India · Pakistan · Bangladesh · Sri Lanka · Nepal · Singapore · Malaysia · Hong Kong · Thailand · Vietnam · Indonesia · Philippines · Japan · South Korea · Australia · New Zealand · all countries
Tax on Selling Gold in Saudi Arabia: FAQ
Is there tax on selling gold in Saudi Arabia?
Not for Saudi nationals selling personal gold: there is no personal income tax. Non-Saudi residents carrying on commercial activity can be taxed at 20%.
Sources (3)
General information about the rules for individual investors, checked October 2026. Tax depends on your circumstances and residence; check with the tax authority or an adviser. Not tax advice.