- The import of collector coins is subject to reduced VAT.
- The Federal Ministry of Finance has announced the gold and silver prices for the year 2024, which are relevant for the taxable import of collector coins.
- The reduced VAT rate applies to taxable imports of collector coins made of precious metals, if the taxable base for the sales of these items exceeds 250% of the metal value calculated based on the fine weight, without VAT.
- The prices for the year 2024 are 60,029 EUR per kilogram for gold coins or the London Stock Exchange’s afternoon fixing price for one ounce of gold (1 ounce equals 31.1035 grams), and 717 EUR per kilogram for silver coins.
Source: haufe.de
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Germany"
- Tax-Free Status for Insurance Contract Tariff Optimization Without Changing Insurer Confirmed by BFH Ruling
- BMF Issues Final Guidance on E-Invoice Error Categories and Validation Requirements
- No VAT Exemption for Treatments by Non-Accredited Private Hospitals, Rules Federal Fiscal Court
- Germany Updates E-Invoicing FAQs: Key Clarifications on Scope, Exemptions, and Transition Periods
- BFH Limits Personal VAT Liability of Insolvent Debtors to Insolvency Estate, Not Private Assets
