VAT on Gold in Saudi Arabia
Investment gold is zero-rated for VAT. Jewellery carries 15% VAT on the full price, making charges included. Today 10 grams of 24K gold cost SAR 4,674 at the world price, with no tax on investment bars and coins.
Rules checked 26 October 2026 · Prices Oct 30, 2026, 21:55 UTC · Not tax advice
Gold in Saudi Arabia today, with tax
SAR · Oct 30, 2026, 21:55 UTC| Weight | World price, 24K gold | Bar or coin, with tax and duty | 22K jewellery metal, with tax |
|---|---|---|---|
| 1 gram | SAR 467.40 | SAR 467.40 | SAR 492.36 |
| 1 tola | SAR 5,452 | SAR 5,452 | SAR 5,743 |
| 10 tola bar | SAR 54,516 | SAR 54,516 | SAR 57,428 |
| 1 ounce | SAR 14,538 | SAR 14,538 | SAR 15,314 |
| 100 grams | SAR 46,740 | SAR 46,740 | SAR 49,236 |
The rules in Saudi Arabia
| What you buy | Tax | Details |
|---|---|---|
| Bars and bullion coins | 0% | Investment gold is zero-rated for VAT. Gold of 99% purity or more and tradeable on bullion markets, sold by a producer or refiner, or by a later seller with its purity intact. Ask for a tax invoice showing the zero rate. |
| Jewellery | 15% | Jewellery carries 15% VAT on the full price, making charges included. Charged on: full value. |
| Import duty | 0% | Riyal gold rates track spot at the 3.75 peg, and no duty is built into the gram rate. Imported finished jewellery generally pays 5% GCC customs duty. |
| Tourist refund | Yes | Tourist VAT refund since 18 April 2025 (ZATCA, operated by Global Blue) at the Riyadh, Jeddah and Dammam airports. For non-residents aged 18+. Minimum SAR 500 at a certified store (up to three same-store, same-day invoices can be combined), validated within 90 days. Cash refunds are capped at SAR 5,000 a day. Jewellery qualifies but may need customs inspection. The operator deducts a fee. |
Compared with nearby countries
VAT on Gold in Saudi Arabia: FAQ
Is there VAT on gold in Saudi Arabia?
Investment gold is zero-rated for VAT. Jewellery carries 15% VAT on the full price, making charges included.
Do you pay VAT on gold bars and coins in Saudi Arabia?
Investment gold is zero-rated for VAT. Gold of 99% purity or more and tradeable on bullion markets, sold by a producer or refiner, or by a later seller with its purity intact. Ask for a tax invoice showing the zero rate.
Is there import duty on gold in Saudi Arabia?
Riyal gold rates track spot at the 3.75 peg, and no duty is built into the gram rate. Imported finished jewellery generally pays 5% GCC customs duty.
Can tourists claim back the VAT on gold in Saudi Arabia?
Yes. Tourist VAT refund since 18 April 2025 (ZATCA, operated by Global Blue) at the Riyadh, Jeddah and Dammam airports. For non-residents aged 18+. Minimum SAR 500 at a certified store (up to three same-store, same-day invoices can be combined), validated within 90 days. Cash refunds are capped at SAR 5,000 a day. Jewellery qualifies but may need customs inspection. The operator deducts a fee.
Sources (3)
- Khaleej Times: how to claim Saudi Arabia's 15% VAT refund (2025-08-07)
- ClearTax KSA: zero-rated supplies, investment metals (accessed 2026-10)
- Ministry of Commerce: precious metals regulations (2025-10-16)
Related
General information on the tax a private buyer pays, checked 26 October 2026. Rules change; check with the seller, the tax authority or an adviser. Not tax advice.