Reduced VAT rate for collector coins

The reduced VAT rate is to be applied to taxable imports of collector coins made of precious metals if the assessment basis for the sales of these items is more than 250% of the metal value calculated on the basis of the fine weight without VAT (§ 12 Para. 2 No. 12 UStG in conjunction with m. No. 54 letter c double letter cc of Appendix 2 to the UStG).  For 2023, the following applies: Gold coins : EUR 54,712 per kilogram or the daily price (afternoon fixing) determined by the London Stock Exchange for a troy ounce of gold (1 troy ounce corresponds to 31.1035 grams). Silver coins : 652 EUR per kilogram

Sources:

• datev-magazin.de
• haufe.de

---

---