A jewelry company in the UAE will pay for the 5 percent value-added tax (VAT) on all gold and diamond purchases until January 31.
Pure Gold Jewellers said they wanted their customers to have some extra time adjusting to the new tax system after it has taken into effect in the country starting January 1.
This VAT absorption applies to all gold and diamond products, and all jewelry collections.
Pure Gold Jewellers has around 125 stores across the Middle East, Singapore & India.
