Special system for gold investment

When can you waive the exemption?

The transferor can waive the exemption if all the following conditions are met:

• In the event of supplies of investment gold:

  1. The transferor regularly engages in activities for producing investment gold or processing gold into investment gold, provided that the object of the supply is investment gold resulting from such activities.

  2. 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. Furthermore, it must inform the buyer that they are the taxable party in this case.

• In the event of mediation services within exempt transactions, in the name and on behalf of a third party:

  1. The exemption corresponding with the supply of investment gold, which is the purpose of the mediation service, is waived.

  2. The recipient of the service is a business or professional acting as such.

  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.