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SanMarino
SanMarino
Posts : 148
Join date : 2022-06-05

New silver VAT  Empty New silver VAT

Tue Nov 01, 2022 9:00 pm
Is there anywhere in Europe that still has a lower rate of VAT on silver?

I know Estonia used to have a lower rate but it’s now gone .


From Estonia website -

The VAT exemption of collector coins, including investment purpose silver coins, will be abolished ( 16 (2)1 4) and § 17 (1) 3) of the VAT Act). As a result of the law amendment, the VAT exemption applies only to coins and banknotes, which are customarily used as a means of payment. Investment gold remains to be VAT exempt.

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Admin
Admin
Admin
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Join date : 2021-05-08
Location : England UK
https://www.thepreciousmetalforum.com

New silver VAT  Empty Re: New silver VAT

Wed Nov 02, 2022 8:56 am
SanMarino wrote:Is there anywhere in Europe that still has a lower rate of VAT on silver?

I know Estonia used to have a lower rate but it’s now gone .


From Estonia website -

The VAT exemption of collector coins, including investment purpose silver coins, will be abolished ( 16 (2)1 4) and § 17 (1) 3) of the VAT Act). As a result of the law amendment, the VAT exemption applies only to coins and banknotes, which are customarily used as a means of payment. Investment gold remains to be VAT exempt.


Short answer is no. 

The EU has hit hard and is making some companies that have avoided tax stop. The numismatic side is no longer in existence either. Sadly the place to buy silver is in America but the postage and customs fees don't make that viable if you want to follow the rules and not get yourself caught by customs. 
Sad

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SanMarino
SanMarino
Posts : 148
Join date : 2022-06-05

New silver VAT  Empty Re: New silver VAT

Sat Nov 12, 2022 8:13 am
It’s ridiculous that there is VAT on silver at the full rate and nothing on gold.

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Admin
Admin
Admin
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New silver VAT  Empty Re: New silver VAT

Sat Nov 12, 2022 12:03 pm
SanMarino wrote:It’s ridiculous that there is VAT on silver at the full rate and nothing on gold.



I agree and am happy as heck that Gold is out of the equation so far...
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