For our customers, investing in physical gold generally enjoys favorable tax treatment, as it is typically exempt from Value Added Tax (VAT). This exemption applies to qualifying investment-grade gold, such as coins and bars that meet specific purity and production criteria. For instance, under German law, gold coins are VAT-exempt as long as their market price does not exceed 180% of the gold content’s base metal value. This regulation ensures that gold remains a highly attractive option for European investors looking to preserve and grow their wealth.
However, it’s important to note that other precious metals, such as silver, platinum, and palladium, do not benefit from the same VAT exemption. These metals are subject to the standard VAT rate in most EU countries, which currently stands at 20%, although it may vary depending on the country in which you reside. This VAT will be applied to the total cost of silver, platinum, and palladium coins and bars when you make a purchase.
If you are ordering from outside the EU, the process is different. We will not charge VAT on your invoice at the point of sale. Instead, when your order arrives in your country, your local customs and tax authorities will assess and collect any applicable VAT, import duties, or other taxes before you can take possession of your items. These additional charges will vary depending on your country’s tax regulations, so it’s important to consult your local authorities for precise information on the duties and VAT that may apply to your precious metals order. This allows us to ensure that our international customers can continue to enjoy competitive pricing without the automatic application of EU-specific tax policies.
Kommentare
0 Kommentare
Bitte melden Sie sich an, um einen Kommentar zu hinterlassen.