The German Ministry of Finance Dec. 2 issued Letter No. 2024/1003526, on the calculation of VAT for taxable imported gold and silver collector coins for 2025. A reduced VAT rate applies to coins valued at over 250 percent of the price of the metal. The metal value of gold coins is determined by the daily price on the London Stock Exchange (afternoon fixing) per troy ounce of gold converted to euros from U.S. dollars. However, taxpayers can calculate the value using the last daily gold price determined in November for the following calendar year. The metal value of silver coins ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.