- The French Administrative Court of Appeal of Nancy upheld additional assessments of the precious metals tax and social security tax for 2017 against a precious metals trading company.
- The court ruled the tax is not a turnover tax and does not conflict with the EU VAT Directive.
- No discrimination under EU law or the France-Germany DTA was found.
- Gold coins minted after 1800 with legal tender status are taxable as precious metals and do not qualify for the collectibles exemption.
- Penalties were justified because the taxpayer’s own records confirmed the transactions were taxable.
Source: news.bloombergtax.com
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.
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