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Precious metals and VAT
Investment gold is exempt from VAT under certain conditions, namely:
- Gold bars or ingots of a weight accepted by gold markets, with a purity of at least 99.50%.
- Gold coins that meet all of the following criteria:
- At least 90% pure
- Minted after 1800
- Have been or are legal tender in the country of origin
All gold coins and bars we sell meet the requirements to be classified as investment gold. Therefore, 0% VAT is charged on our gold coins and bars.
VAT on silver, platinum, and palladium
Silver, platinum, and palladium are initially considered industrial raw materials. As a result, these precious metals are generally subject to a VAT rate of 21%. Investment coins made of these metals are traded under the margin scheme. All coins of these metals from our assortment are sold under the margin scheme.
Margin scheme
Under the margin scheme, VAT is only payable on the profit margin obtained from the sale of these coins. The condition for this is that no VAT amount is stated on the invoice.
Bars of silver, platinum, and palladium do not fall under the margin scheme and are therefore subject to 21% VAT. For private individuals, this makes purchasing bars of these metals less attractive. However, for businesses, it can be quite advantageous as you can reclaim the VAT from the tax authorities (and charge it again when you resell the silver bars).
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