Value Added Tax (General) (Amendment) Regulations, 2024 (No. 73)
From 1 January 2025 liquefied petroleum gas joins the VAT schedule, and gold zero-rating is narrowed to supplies to Fidelity Gold Refinery and its approved agents.
These regulations amend the Value Added Tax (General) Regulations, 2003 with effect from 1 January 2025.
Liquefied petroleum gas of commodity code 2711.19.00 is added to the First Schedule — as item (27) in Part I and paragraph (13) in Part II — bringing LPG into the same treatment as the other goods listed there. For households and businesses that cook or heat with gas, this is the line that touches the till.
The Second Schedule, which carries the zero rate on supplies of gold, is repealed and replaced with a single item: the supply of gold to Fidelity Gold Refinery (Private) Limited and its approved agents. Zero-rating for gold is therefore tied to the official refining channel rather than to gold supplies generally — a change aimed at gold leakage, and one that matters to every small-scale producer deciding who to sell to.
The regulations also correct the commencement of an earlier instrument: the Value Added Tax (General) (Amendment) Regulations, 2024 (No. 72), published as S.I. 183 of 2024, are deemed effective from 3 June 2021, backdating that amendment by more than three years.
What changed
- Liquefied petroleum gas (2711.19.00) added to the VAT First Schedule from 1 January 2025
- Gold zero-rating narrowed to supplies to Fidelity Gold Refinery and its approved agents
- S.I. 183 of 2024 is backdated, deemed effective from 3 June 2021
Who this affects
- LPG importers, distributors and retailers
- Households and businesses buying gas
- Small-scale and artisanal gold producers
- Fidelity Gold Refinery and its approved agents
- VAT-registered operators relying on S.I. 183 of 2024
Plain-language summary — not legal advice. Always read the full instrument.