VAT on Silver in Saudi Arabia
Investment silver of 99% purity or more is zero-rated for VAT. Silver jewellery and silverware carry 15% VAT on the full price. Today 10 grams of fine silver cost SAR 59.22 at the world price, with no tax on investment bars.
Rules checked 26 October 2026 · Prices Oct 30, 2026, 21:55 UTC · Not tax advice
Silver in Saudi Arabia today, with tax
SAR · Oct 30, 2026, 21:55 UTC| Weight | World price, fine silver | Bar, with tax and duty | Sterling (925) jewellery metal, with tax |
|---|---|---|---|
| 1 gram | SAR 5.92 | SAR 5.92 | SAR 6.30 |
| 1 ounce | SAR 184.18 | SAR 184.18 | SAR 195.92 |
| 100 grams | SAR 592.16 | SAR 592.16 | SAR 629.91 |
| 250 grams | SAR 1,480 | SAR 1,480 | SAR 1,575 |
| 500 grams | SAR 2,961 | SAR 2,961 | SAR 3,150 |
The rules in Saudi Arabia
| What you buy | Tax | Details |
|---|---|---|
| Bars | 0% | Investment silver of 99% purity or more is zero-rated for VAT. Qualifying investment metals are gold, silver and platinum of 99% purity or more. A sale is zero-rated when it is the first sale by a producer or refiner, or a later sale that keeps the purity. Lower-purity silver is taxed at 15%. |
| Jewellery | 15% | Silver jewellery and silverware carry 15% VAT on the full price. Charged on: full value. |
| Import duty | 0% | No duty is built into the riyal price of bullion (riyal pegged at 3.75 per dollar). Imported finished jewellery generally pays 5% GCC customs duty. |
| Tourist refund | Yes | Tourist VAT refund since 18 April 2025 (operated by Global Blue) at the Riyadh, Jeddah and Dammam airports, for non-residents. Minimum SAR 500 at a certified store. It covers silver jewellery; investment silver is zero-rated. |
Compared with nearby countries
VAT on Silver in Saudi Arabia: FAQ
Is there VAT on silver in Saudi Arabia?
Investment silver of 99% purity or more is zero-rated for VAT. Silver jewellery and silverware carry 15% VAT on the full price.
Do you pay VAT on silver bars and coins in Saudi Arabia?
Investment silver of 99% purity or more is zero-rated for VAT. Qualifying investment metals are gold, silver and platinum of 99% purity or more. A sale is zero-rated when it is the first sale by a producer or refiner, or a later sale that keeps the purity. Lower-purity silver is taxed at 15%.
Is there import duty on silver in Saudi Arabia?
No duty is built into the riyal price of bullion (riyal pegged at 3.75 per dollar). Imported finished jewellery generally pays 5% GCC customs duty.
Can tourists claim back the VAT on silver in Saudi Arabia?
Yes. Tourist VAT refund since 18 April 2025 (operated by Global Blue) at the Riyadh, Jeddah and Dammam airports, for non-residents. Minimum SAR 500 at a certified store. It covers silver jewellery; investment silver is zero-rated.
Sources (2)
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.