Precious metals and VAT
Investment gold
When gold falls into the category of investment gold, the products are exempt from VAT.
Gold bars
Gold bars fall into the category: ''investment gold'' when they meet the requirements listed below.
- The gold bar has a weight that is recognized by the gold market.
- The gold bar has a purity of at least 995/1,000 or 99.5%.
All gold bars traded in Hollangold meet the requirements mentioned above and are therefore exempt from VAT.
Gold Coins
Gold coins fall into the category of ''investment gold'' when they meet the requirements listed below.
- The gold coin has a purity of at least 900/1000 or 90%.
- The gold coin was minted after 1800.
- In the country of origin, the gold coin has or has had the status of legal tender.
All gold coins traded by Hollangold meet the requirements mentioned above and are therefore exempt from VAT.
Investment silver
Silver is only exempt from VAT if the products meet a number of conditions.
Silver bars
Silver bars are always taxed with 21% VAT in the Netherlands. When silver bars are purchased for business, the VAT can be reclaimed through the company and income tax or corporation tax is calculated on the profit. For business customers, silver bars are the better option over silver coins. If you, as a private individual, still want to buy silver bars without VAT, it is advisable to do this in combination with storage in Switzerland, in which case the silver bars are exempt from VAT.
Silver Coins
For private individuals, the VAT on silver bars cannot be reclaimed, which is why we advise private individuals to buy silver coins. These coins are traded under the margin scheme, which means that the coins are exempt from VAT.
