Am I required to file a tax return

The Dutch Tax Administration generally considers gold, silver and other precious metals to be part of your assets. As a result, these investments usually fall under Box 3 of the Dutch income tax system. 

The value of your precious metals is determined based on the market price on 1 January of the relevant tax year. You are responsible for correctly reporting this value in your tax return. 

The Silver Mountain does not provide information about your purchases to the Dutch Tax Administration. However, as with any other company, the tax authorities may request administrative records if necessary. 

What value should I report to the tax authorities

For tax reporting purposes, the value on 1 January of the relevant tax year is used as the reference value. Below you will find an overview of historical prices per kilogram of precious metal. 

Tax rules for gold and silver

You can also visit our overview page about tax rules for gold and silver. 

Want to learn more about the reference value for your tax return?

For a more detailed explanation of how the annual reference value is determined and how it should be used when filing your tax return, please read our detailed guide about the annual valuation of investment gold.