Reverse Charge

In the vocabulary of the gold trade, Reverse Charge means this: A VAT mechanism where the buyer accounts for the tax instead of the seller, applied to qualifying B2B gold supplies in the UAE. For anyone buying or selling gold from Guyana into Dubai, reading this term correctly is the difference between a clean transaction and a costly misunderstanding.

Reverse Charge does not stand alone. In a real deal it sits alongside VAT Zero-Rated, HS 7108 and Due Diligence, and following those connections is how a professional reads an offer from the first quote to final settlement.

In practice you might see it used like this: "Qualifying wholesale gold supplies use the reverse charge." That is exactly how Reverse Charge appears in real Guyana-to-Dubai deals, where value is always confirmed on assayed content rather than a stated figure, and payment follows inspection.

When you deal with us, Reverse Charge sits inside a clear procedure: the deal is priced against the LBMA spot, the gold is assayed in Dubai, and settlement is based on the confirmed content, with no large advance payment. As a sourcing organisation with a network of over 1,000 miners, mines, dealers and refiners across Guyana, we use Reverse Charge in exactly the sense defined above.

If you see Reverse Charge used in a way that does not match this definition, or to push you toward paying fees before inspection, treat it as a warning sign. The right term clarifies a deal; it is never used to obscure one.