GTL Summary:

This Cabinet Decision establishes the Executive Regulations for Federal Decree-Law No. 8 of 2017, providing detailed procedures for VAT implementation. It covers essential compliance areas including registration, tax invoices, and rules for determining the place and date of supply. The Decision elaborates on various supply categories, providing clarity on their VAT treatment. Specifically, as detailed in Article 36, it defines the conditions for applying the zero rate to the supply of investment precious metals, stipulating that gold, silver, and platinum must have a purity of 99% or more and be in a globally tradable form.