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Buying silver bars is only interesting for business purposes in the Netherlands. Silver bars are taxed with 21% VAT in the Netherlands, whereby the VAT for entrepreneurs is generally recoverable. Private individuals cannot reclaim this VAT and therefore often opt for silver coins. Silver bars are newly cast and consist of at least 99.99% pure silver.
At Holland Gold, only silver bars from LBMA-certified suppliers are offered. These products have a Good Delivery Status, which makes them tradable worldwide.
The most advantageous for both private and business customers is to purchase silver bars outside the EU in combination with storage via Holland Gold Safe. Because these bars are in a customs depot in Switzerland or Singapore, no tax is levied. These bars are therefore VAT-free! By buying silver bars in Switzerland or Singapore, you get the most silver for your money!
For companies subject to VAT, it can be attractive to buy silver bars, because this VAT is in principle deductible. The silver bars are available in different weights. The common silver bars are often a bit higher in weight compared to most gold bars. One 5 kilo silver bar is not uncommon and the 1000-troy ounce bar (31.1 kg) in combination with storage itself is the best-selling product.
People think of silver as the poor man's gold, which is absolutely the wrong way to look at it. Gold has the most monetary character, but silver moves in times when a financial system is under pressure, at least as much as gold.
Silver is a commodity and monetary metal. Gold and silver have related to each other to some extent over a long history; This is called the gold-silver ratio. Silver has not been this cheap in 25 years compared to gold.
The choice of a silver coin or Silver bar is important because of VAT. Silver is an industrial metal as opposed to gold, which is categorized as a monetary metal. As a result, 21% VAT is charged on silver bars. As for all other "white" precious metals such as platinum, palladium and rhodium. It is therefore better for private individuals to purchase silver coins: silver coins fall under the margin scheme in the Netherlands. In the case of the margin scheme, the trader does not calculate VAT on turnover, but on the difference between the selling price and the Cost of the goods: the (profit) margin. As a result, a lot less VAT is paid for silver coins. It can only be interesting for business customers to buy silver bars because in some cases they can reclaim the VAT.
The most advantageous for both individuals and business customers is to Silver bars or platinum bars to be purchased in combination with storage outside the EU, such as in Switzerland or Singapore. Because these bars are in a customs depot, no tax is levied on them. These bars are therefore VAT-free!
No Silver bars never come with a certificate of authenticity.
The precious metal you buy from us often comes directly from leading mints and accredited refineries. We carefully check the precious metal in our range for authenticity.
You can silver Easy self-testing:
Precious metals are not only interesting for private individuals. More and more entrepreneurs or business investors are opting for an investment in gold and silverThey buy gold and silver in the name of a business entity such as a private limited company.
Read here More about the advantages of buying precious metals for business.
In contrast to gold, the choice of bars or coins for silver is more important because of VAT. Silver is an industrial metal as opposed to gold, which is categorized as a monetary metal. As a result, Silver bars 21% VAT charged. As for all other "white" precious metals such as platinum, palladium and rhodium. For individuals, it is therefore better to Silver Coins silver coins are subject to the margin scheme in the Netherlands. In the margin scheme, the trader does not calculate the VAT on the turnover, but on the difference between the selling price and the purchase price of the goods: the (profit) margin. As a result, a lot less VAT is paid for silver coins. It can only be interesting for business customers to buy silver bars because in some cases they can reclaim the VAT.
The most advantageous for both private and business customers is to buy silver bars or platinum bars to be purchased in combination with storage outside the EU, such as in Switzerland or Singapore. Because these bars are in a customs depot, no tax is levied on them. These bars are therefore VAT-free!
Read more in the Starter's Guide – What do I buy??
