There is no import duty tax or VAT on gold bars brought into the UAE. REUTERS
There is no import duty tax or VAT on gold bars brought into the UAE. REUTERS
There is no import duty tax or VAT on gold bars brought into the UAE. REUTERS
There is no import duty tax or VAT on gold bars brought into the UAE. REUTERS

Declaring gold: what you need to know about how much you can bring in and out of the UAE


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Gold hidden inside mobile phones and body cavities on Dubai to India flights this week were the latest in a long list of recent smuggling cases.

Customs officials in India found smuggled gold worth $74,000 on Dubai to India flights.

Officials warned they are on high alert for people trying to dodge India's luxury tax, which must be paid on arrival and is often more than 10 per cent of the total gold value.

Recently, authorities in Chennai also recently recovered gold worth about $340,000 hidden underneath fake hairpieces of passengers headed for the UAE.

The travellers were set for flights to Sharjah and Dubai, but were rumbled by their suspicious hairstyles. They were also found to be concealing $33,000 in cash.

And it is not just Chennai reporting a spike in recent interceptions.

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15 audacious smuggling attempts - in pictures

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Authorities at Chaudhary Charan Singh International Airport in Lucknow, the main transit hub for Uttar Pradesh, seized 752 grams of gold worth around $49,000 from two passengers landing from Dubai and Sharjah last week.

The gold ‘biscuits’ were hidden inside the shoes of one passenger and concealed in the body of the other.

Smugglers are constantly changing the way they attempt to import gold and cash illegally across borders.

On Saturday, March 27, Delhi Customs intercepted an Indian passenger on a Spicejet flight from Dubai who had hidden 798 grams of silver-coated gold wires on the frame of their trolley bags.

The hidden bullion was worth an estimated $44,270 (Dh162,600) and the passenger was arrested under India’s Customs Act.

Gold smugglers have been caught trying to carry illegal gold from the UAE into India nearly a dozen times already this year.

Hand-carrying gold on a plane is not in itself illegal, but passengers do need to consider the quantity they are importing or exporting to and from India, and have the correct documentation.

The National looked into the rules

Importing gold into the UAE

The UAE is one of the major importers and re-exporters of gold and jewellery, in part because there is no import duty tax or value added tax on gold bars brought into the country.

Travellers are required to declare cash, or any other financial instrument exceeding Dh100,000, according to the UAE’s government website.

Dubai is known as the City of Gold. It's very laissez-faire, entrepreneurial place

The cost of gold varies from day to day, but in practice this means you can import about 500 grams of gold without declaring it to customs.

Gold traders often wish to import much more than that, and they can do so entirely legally, according to Jeff Rhodes, founder and managing consultant for Rhodes Precious Metals Consultancy, DMCC.

"Dubai is simply the most well-organised, regulated and most competitive market in the world for gold and diamond jewellery.

"That's the reason why Dubai is known as the City of Gold. It's a very laissez-faire, entrepreneurial place.

"There are no restrictions on how much gold you can bring in and there are no restrictions on the amount you can take out, either as bars or jewellery," he said.

However, there are regulations.

If the value of the gold is more than Dh100,000, then customs officers in UAE airports will expect to see a certificate of origin or purchase receipt when you enter the country.

This measure of authentication was brought in by the UAE authorities to combat money laundering and suspicious financial activities.

Also, the Federal Tax Authority charges 5 per cent import duty on gold jewellery, although if the jewellery is imported for re-export then no customs duty needs to be paid.

This occurs in the UAE because the country is a hub for the rest of the Middle East, and some jewellery is imported and re-exported to countries around the region.

Gold jewellery also attracts 5 per cent value added tax, although when retailers sell the items to their customers, this VAT is passed on to them.

If the gold value is more than Dh100,000, then customs officers in UAE airports will expect to see a certificate of origin or purchase receipt when you enter the country.Reuters
If the gold value is more than Dh100,000, then customs officers in UAE airports will expect to see a certificate of origin or purchase receipt when you enter the country.Reuters

Exporting gold from the UAE

There is no limit on the amount of gold an individual can export from the UAE, and there are no taxes to be paid as you leave the country.

In fact, if you are a visitor to the UAE, and you have purchased gold jewellery or artefacts, you can claim back the VAT at the airport.

The rules for importing the precious metal vary from country to country, and these need to be considered before you board a flight from the UAE to travel abroad.

For example, India has clear rules regarding the importation of gold.

As of April 1, 2016, male passengers can bring in up to 20 grams of gold worth Rs50,000 ($688) duty free.

Female passengers can bring in 40 grams of gold worth Rs100,000 ($1,377).

If a traveller wants to bring in more gold jewellery, they need to declare the amount at customs and pay import duty to the government.

This fee changed in February 2021 when finance minister Nirmala Sitharaman cut import duties on gold and silver from 12.5 per cent to 7.5 per cent, but imposed a 2.5 per cent cess – an extra, separate tax.

The total import duty now is 10.75 per cent, compared to 12.5 per cent before the changes.

The government said they hoped the reduction would make smuggling less attractive and improve revenue.

Up to 120 tonnes of gold were smuggled into India in 2019, according to the World Gold Council’s Indian operations.

Know your Camel lingo

The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home

Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless

Asayel camels - sleek, short-haired hound-like racers

Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s

Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival

UAE currency: the story behind the money in your pockets
AT%20A%20GLANCE
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Results

1. Mathieu van der Poel (NED) Alpecin-Fenix - 3:45:47

2. David Dekker (NED) Jumbo-Visma - same time

3. Michael Morkov (DEN) Deceuninck-QuickStep   

4. Emils Liepins (LAT) Trek-Segafredo

5. Elia Viviani (ITA) Cofidis

6. Tadej Pogacar (SLO UAE Team Emirates

7. Anthony Roux (FRA) Groupama-FDJ

8. Chris Harper (AUS) Jumbo-Visma - 0:00:03

9. Joao Almeida (POR) Deceuninck-QuickStep         

10. Fausto Masnada (ITA) Deceuninck-QuickStep

RESULT

Esperance de Tunis 1 Guadalajara 1 
(Esperance won 6-5 on penalties)
Esperance: Belaili 38’
Guadalajara: Sandoval 5’

The biog

Name: Samar Frost

Born: Abu Dhabi

Hobbies: Singing, music and socialising with friends

Favourite singer: Adele

Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
UAE currency: the story behind the money in your pockets
The chef's advice

Troy Payne, head chef at Abu Dhabi’s newest healthy eatery Sanderson’s in Al Seef Resort & Spa, says singles need to change their mindset about how they approach the supermarket.

“They feel like they can’t buy one cucumber,” he says. “But I can walk into a shop – I feed two people at home – and I’ll walk into a shop and I buy one cucumber, I’ll buy one onion.”

Mr Payne asks for the sticker to be placed directly on each item, rather than face the temptation of filling one of the two-kilogram capacity plastic bags on offer.

The chef also advises singletons not get too hung up on “organic”, particularly high-priced varieties that have been flown in from far-flung locales. Local produce is often grown sustainably, and far cheaper, he says.

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%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Manikarnika: The Queen of Jhansi

Director: Kangana Ranaut, Krish Jagarlamudi

Producer: Zee Studios, Kamal Jain

Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni

Rating: 2.5/5

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
UAE currency: the story behind the money in your pockets
Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

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Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

UAE currency: the story behind the money in your pockets
Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Look north

BBC business reporters, like a new raft of government officials, are being removed from the national and international hub of London and surely the quality of their work must suffer.