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sombreroloco

German Vat On Silver Coins Will Rise To 19%

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http://deutsche-wirt...silber-muenzen/

Google Translate:

Inconspicuously Bundestag and the Bundesrat have decided in the past week to increase the VAT on silver coins. From 1 January can be purchased at a lower rate now no more silver coins. To date was for silver coins of the reduced tax rate of seven percent. This will be increased to 19 percent from 2014. The new tax rate applies to silver bullion coins such as the Chinese Panda, Australian Kookaburra, the Silver Philharmonic, but also on silver collector coins. The change in the VAT rate for the silver coins found in the Act on the Implementation of the Mutual Assistance Directive and amending tax legislation ( Assistance Implementation Act , S. 44, ยง 12, paragraph 2). Silver is not mentioned directly, but rather the term "works of art and collectors 'pieces' is used - and this also closer to raising here (p. 44f.)

With this innovation, the government depends on an EU directive, which specifies the harmonization of VAT rates. The benefit to the federal government: Higher tax revenues are always welcome and you set something like this up easier for groups to not have such a strong lobby like the hotel industry or the automotive industry. So benefited the state of the business investments.

However, the policy has not yet dared to gold. Both gold bullion and gold coins remain exempt from VAT. Until now, this is because they are seen as an investment. However, this can change. Gold coins with numismatic value (collector coins) are subject to tax.

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Bugger! Best stock up before then end of the year and bring the next couple of years purchases forward.

I'm quite confident that dealers will apply a premium now to anticipate the vat rise.

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Has anyone here tried claiming their tax back using the form he mentions (achieving a 5% level of VAT) on Eagles or Maples etc?

Seems to good to be true...

(not doubting that he has managed to get tax refunds, but that he may have forced open a loophole that will be firmly closed asap)

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  • 242 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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