Home / Articles / New tax on Dubai gold

New tax on Dubai gold

Dubai calls itself City of Gold. Traders there buy and sell $75bn (£56bn) worth of the precious metal every year. Part of the reason for its success is that gold is untaxed, and therefore cheap.But from the start of next year, the government is imposing a value added tax on gold sales. Jeremy Howell has more.
Source: BBC News

About Business Ideas UK

My name is Joel Bissitt. I have been an entrepreneur for 24 years and have run many small businesses across various sectors. For the last 10 years I have worked mainly within online media, franchising and small business start-ups.

Check Also

Another 40 Poundworld stores to close

Forty more Poundworld stores are to close later this month, leading to the loss …

Free Franchise Guide
close slider

Free Franchise Guide

Interested in buying a franchise? The our FREE Franchise Guide is a must! The guide contains lots of information to help you decide if franchising is right for you.

Yes, I'd like to join the Franchise UK mailing list.