Exemption for certain investment gold transactions
The following transactions are exempted, with the possibility of waiver when the requirements set out below are met.
Supplies, intra-Community acquisitions and imports of investment gold.
The concept of supplies includes loans and swap transactions, as well as derivative transactions of future or forward contracts, provided that the object of such transactions is investment gold, and that they implicate the transfer of the right to dispose of the good.
The exemption is not applied:
The supply of services relating to investment gold.
Intra-Community acquisitions of investment gold where the trader making the supply renounces the exemption under the special scheme provided for in the Member State of origin.
Mediation services in the exempt transactions, in the name and on behalf of a third party.
In the event of concurrence of this exemption with that provided for in Article 25 of the Law on VAT (supplies of goods destined for another Member State), the exemption for investment gold prevails, unless waived.