Yes, you must include your silver holdings in your annual income tax return under Box 3: savings and investments. The Dutch Tax Authority considers silver an investment, which means you must report its value as part of your total assets.

Since the new legislation effective January 1, 2023, Box 3 distinguishes between three asset categories: bank deposits and cash, other assets, and debts. Silver falls under the category “other assets.”

Do I have to declare silver to the Dutch Tax Authority?

First, determine how many grams of pure silver you own and use the price per gram on January 1 of the tax year to calculate its value. This value counts toward your total assets in Box 3. The Tax Authority does not look at the purchase price of your silver, but at its value on the reference date.

What is the silver price for tax declaration purposes?

The value of your silver is determined based on the market price on January 1 of the tax year you are declaring. For example, if you file your 2026 tax return for the year 2025, you use the silver price from January 1, 2025.

To make it easier for you, Holland Gold has compiled silver price data for silver coins and silver bars based on the reference date. You can find the yearly overviews here to help determine which value to use for your tax return.

What if I have less than the tax-free allowance?

Silver counts toward the tax-free allowance in Box 3. For 2025, this allowance is €57,684 per person or €115,368 for fiscal partners. You only pay tax on the amount exceeding this threshold, including savings, investments, and silver.

You may deduct any debts, but only insofar as they exceed the debt threshold. This threshold is €3,800 per person or €7,600 for fiscal partners in 2025. If your total assets after debt deduction remain below the exempt limit, you owe no tax and your silver holdings do not affect your declaration.

Important

Holland Gold does not provide any information to the Dutch Tax Authority. It is your own responsibility to report your silver holdings accurately. The price overviews have been compiled with care, but no rights can be derived from them, for example regarding production premiums or collector value. If you have doubts or questions about your declaration, please consult a tax advisor or financial specialist.