GTL Summary:

This provision, outlined in Article 36 of the Implementing Regulations of the Value Added Tax Law, establishes the rules for zero-rating supplies of investment metals in Saudi Arabia. It specifies that the first supply of a 'Qualifying Metal'—defined as gold, silver, or platinum with at least 99% purity and tradeable on the global bullion market—by its producer or refiner is subject to a zero VAT rate. The article also extends this zero-rating to any grant, assignment, or surrender of rights related to such supplies. Key terms like 'Producer' and 'Refiner' are defined to ensure clarity.

Document Type: IR - Implementing Regulations
Law: Value Added Tax Law
Decision Number: implementing-regulations-3839-article-36
Year: 2016
Country: 🇸🇦 KSA
Official Name: Article 36 - Supplies of Investment Metals
Last updated at: 2026-01-05 08:39:39 UTC

Chapter 6 - Zero-Rated Supplies

Article 36 - Supplies of Investment Metals

  1. The first Supply of a Qualifying Metal by its Producer or Refiner is zero-rated.

  2. Any grant, assignment or surrender of a right, interest or claim with respect to any Supply of a Qualifying Metal for investment is zero-rated if such right, interest or claim is considered a transfer or to grant a right to the possession of the Goods.

  3. For the purposes of these Regulations, the expressions defined below in this Paragraph shall have the meanings given to them below.

    1. A Qualifying Metal is:

      1. gold,

      2. silver,

      3. platinum.

    2. A Qualifying Metal is considered to be supplied for investment when the metal is at a purity level of not less than 99% and tradeable on the global bullion market.

    3. Producer means any person who carries on the mining and extraction of a Qualifying Metal.

    4. Refiner means any person who carries on the refining by any process of a commodity into a Qualifying Metal.

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