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Practical Handbook VAT 2021

Concept of investment gold

They are considered investment gold:

  1. Gold bars or sheets of a fineness of 995 thousandths or better and of a weight complying with the ninth paragraph of the Annex to the Law on VAT.

  2. Gold coins meeting the following requirements:

    1. Of a fineness equal to or greater than 900 thousandths.

    2. Minted after 1800.

    3. They are or have been legal tender in their country of origin.

    4. They are usually traded at a price not more than 80 per cent above the market value of the gold contained in them.

In any case, these requirements are understood to be fulfilled for gold coins included in the list to be published in the "Official Journal of the European Union" before 1 December each year.Such coins shall be deemed to qualify as investment gold in the calendar year following the year of publication or in the following years as long as there is no change to those published previously.