This Public Clarification, VATP043, details the application of the domestic reverse charge mechanism on precious metals and stones, replacing VATP032. It explains the implementation of Cabinet Decision No. 127 of 2024, effective 26 February 2025, which expands the scope from gold and diamonds to include silver, palladium, platinum, pearls, rubies, sapphires, and emeralds ('Precious Goods'). The clarification outlines mandatory conditions for suppliers and recipients, such as the recipient's VAT registration and written declaration of intent to resell or manufacture. It also addresses the VAT treatment of single composite supplies versus multiple supplies.