The VAT rate for gold, silver, other precious metals, semi-precious stones and their jewellery is

1 %

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4 %

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12.5 %

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15 %

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Solution

The correct option is B $1 %$
There are many types of tax and one of them is VAT. And VAT percentage is different on different types of products. It mainly depends on the cost and the value of the importance of that product but is fixed for the same set of products.

The VAT rate for gold, silver, other precious metals, semi-precious stones, and their jewellery is $1 % .$

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