The deduction regime will be governed by the provisions of the Law of VAT for this special regime.
In general, input tax is not deductible to the extent that the goods or services are used in the tax-exempt supply of investment gold.
Exceptionally, the following should be taken into account:
The supply of exempt supplies of investment gold by entrepreneurs or professionals who have produced such gold directly or obtained it by processing gives rise to the right to deduct the amounts paid or paid for the acquisition or importation of goods or services linked to such production or processing.
The supply of exempt supplies of investment gold by entrepreneurs other than those referred to in (a) above gives rise to the right to deduct:
The charges borne from the domestic or intra-Community acquisition of the gold when the supplier has waived the exemption.
The charges borne or paid in respect of the acquisition or importation of such gold, where at the time of its acquisition or importation it did not qualify as investment gold, having been transformed into investment gold by or on behalf of the person making the exempt supply.
The charges borne from services to change the shape, weight or fineness of the gold.