Everything you need to know about importing gold

Importing gold can be a complex process, especially when it comes to international trade and the various customs regulations. Whether you are looking to import gold for personal investment or for business purposes, it is essential to be well-informed about the regulations.
So, read up on all the important aspects of gold import through The Silver Mountain, from customs regulations to tax and security, so you can make an informed decision.
 

Importing gold to the Netherlands

Importing gold to the Netherlands is subject to strict customs regulations. When importing gold from non-EU countries, you must declare it to customs and import duties may apply, even if you import gold from European countries. This also depends on the amount of gold you want to import.
Investment gold is exempt from VAT, but other forms of gold, such as jewellery or gold with a lower purity, are subject to tax. It is important that all transactions are accurately documented to avoid problems with customs.
 

Customs regulations surrounding gold import

Customs regulations for importing gold vary depending on the country of origin. For imports within the EU, the regulations are simpler than for imports from non-EU countries. Before importing gold to the Netherlands, you may need to obtain an import permit or license. Contact Dutch customs to determine which documents are required.
In addition, it is important to ensure that the gold meets legal requirements, such as purity and origin. Ensure that the gold is tested and certified by a recognized laboratory to guarantee quality. Upon arrival in the Netherlands, you must submit a customs declaration in which you state the origin, value and quantity of the gold.
Depending on the type of gold (investment gold or not) and the origin, customs duties and VAT may apply. Therefore, request the correct rates from Dutch customs in advance. Investment gold that meets the 99.5% purity requirement is usually exempt from VAT and import duties.
 

Importing gold from Africa

Importing gold from Africa brings additional challenges. African countries are a major producer of gold, which often makes the price of African gold lower.
In addition, some gold producing countries have complex export regulations. It is essential to ensure that the gold is exported legally. Ethical considerations also play an important role. That is why we avoid selling gold from conflict areas and ensure that the gold is imported ethically.
 

Importing gold from Turkey

Importing gold from Turkey is a common practice, due to the large supply of Turkish gold and its favorable price. The Turkish gold market is well regulated, but there are strict rules for export. Before you import gold from Turkey to the Netherlands, you must ensure that you have the correct documents, such as export permits.
In addition, the gold must comply with Dutch legislation for purity and origin to qualify for tax exemptions.
 

Importing gold and tax

When you import gold, you will in most cases pay taxes. Investment gold is exempt from VAT in the Netherlands, provided that it meets the conditions regarding purity. For other forms of gold, such as jewelry, VAT must be paid.
Import duties may also apply, depending on the country of origin of the gold. Make sure you know the applicable tax rules in advance, so you don't get any surprises.
 

Import gold safely with professional partners

Importing gold safely requires the help of experienced and reliable partners. At The Silver Mountain, we work with professionals who make the import process safe and transparent. From obtaining the right permits to insuring your shipment, we ensure that your gold is imported safely. This not only gives you certainty, but also the guarantee that everything is done according to the law.
Are you planning to import gold and would you like more information about the possibilities? Contact The Silver Mountain for professional advice and support.