The Federal Ministry of Finance in Berlin has issued a communication regarding the definition of investment gold. The VAT Committee has determined that gold in round, oval, or irregular form, with a fineness of at least 995 thousandths, qualifies as investment gold under Article 344 of the VAT Directive, even if it does not have a bar or wafer shape. Additionally, an amendment has been made to the VAT Application Decree, specifying that gold bars and wafers must consist of fine gold with an indication of the manufacturer, fineness, and weight, and they may be embossed with pictorial representations. The guidelines and amendments are to be applied in all relevant cases. The communication will be published in the Federal Tax Gazette Part I.
Source: bundesfinanzministerium.de
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