EU INVESTMENT GOLD COIN CLASSIFICATION VAT RULING
December 1st, 2005
BY KEITH NUTHALL
THE EUROPEAN Commission has updated a list of gold coins that can be imported into the European Union (EU) as investment gold, and hence be exempt from VAT for 2006. Only named coins with a gold purity of less than 900 thousandths will attract VAT, furthermore, if a gold importer can prove an unlisted coin has sufficient gold purity and will be used for investment, not jewellery or manufacturing, that too can escape VAT. Gold coins listed range from countries worldwide, from as large and small as the USA and Andorra. Face currency values can be ...
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