Waiver of exemption
The transferor may waive this exemption where the following conditions are met:
In case of deliveries of investment gold:
The transferor is normally engaged in the business of producing investment gold or processing gold other than investment gold into investment gold.
the supply in respect of which the renunciation of the exemption is made must involve investment gold resulting from the activities referred to in (a) above.
The buyer is a business or professional acting as such.
The exemption waiver is carried out for each transaction carried out by the transferor, and must be communicated to the buyer in writing in advance, or at the time of the supply.It must also inform him in writing that the acquirer is the taxable person.
In the case of mediation services in the name and on behalf of others in exempt transactions:
The recipient of the service is a business or professional acting as such.
The exemption corresponding with the supply of investment gold, which is the purpose of the mediation service, is waived.
The exemption waiver is carried out for each transaction carried out by the service provider, which must be in possession of a document signed by the recipient of the service, declaring that the waiver has been applied in the supply of gold or the mediation service.