Officially Designated Tax Free Gold Coins in all EU Member States
Investment-grade gold bullion is considered tax free gold (zero rated for VAT) across the EU. This applies whether the bullion is in the form of coins or bars, however to qualify for exemption, the gold must be of a fineness greater or equal to 995, or for post-1800 legal tender coins of a purity over .900
To further qualify as investment-grade bullion a coin’s sale price should be no greater than it’s intrinsic gold weight plus up to 80%. Numismatic and collectible coins are not exempt.
The following is a list of tax free gold coins agreed to meet the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC (special scheme for investment gold) and named in The Official Journal Of The European Union C 385/6
All listed coins are considered zero-rated for Value Added Tax (VAT) in all EU Member States.
Non-gold bullion coins and gold coins that do not qualify for zero VAT are taxed on a country-by-country basis listed at the bottom of this page.
TAX FREE GOLD FROM AFGHANISTAN
20 AFGHANI, 10 000 AFGHANI, 1/2 AMANI, 1 AMANI, 2 AMANI, 4 GRAMS, 8 GRAMS, 1 TILLA, 2 TILLAS
TAX FREE GOLD FROM ALBANIA
20 LEKE, 50 LEKE, 100 LEKE, 200 LEKE, 500 LEKE, 10 FRANGA, 20 FRANGA, 50 FRANGA, 100 FRANGA
TAX FREE GOLD FROM ALDERNEY
5 POUNDS, 25 POUNDS, 1 000 POUNDS
TAX FREE GOLD FROM ANDORRA
5 CENTIMES, 1 DINER, 5 DINERS, 20 DINERS, 50 DINERS, 100 DINERS, 250 DINERS, 1 SOVEREIGN
TAX FREE GOLD FROM ANGUILLA
5 DOLLARS, 10 DOLLARS, 20 DOLLARS, 100 DOLLARS
TAX FREE GOLD FROM ARGENTINA
1 ARGENTINO, 5 PESOS, 25 PESOS, 50 PESOS
TAX FREE GOLD FROM ARMENIA
100 DRAM, 10 000 DRAM, 25 000 DRAM, 50 000 DRAM
TAX FREE GOLD FROM ARUBA
10 FLORIN, 25 FLORIN, 50 FLORIN, 100 FLORIN
TAX FREE GOLD FROM AUSTRALIA
5 DOLLARS, 10 DOLLARS, 15 DOLLARS, 25 DOLLARS, 50 DOLLARS, 100 DOLLARS, 150 DOLLARS, 200 DOLLARS, 250 DOLLARS, 1000 DOLLARS ,2500 DOLLARS, 3000 DOLLARS, 10000 DOLLARS, 1/2 SOVEREIGN, 1 SOVEREIGN
TAX FREE GOLD FROM AUSTRIA
10 CORONA (10 KRONEN), 20 CORONA (20 KRONEN), 100 CORONA (100 KRONEN), 1 DUKAT, 4 DUKATEN, 4 EURO (1/25 oz ‘Philharmoniker’), 10 EURO, 25 EURO, 50 EURO, 100 EURO, 4 FLORIN (10 FRANCS/4 GULDEN), 8 FLORIN (20 FRANCS/8 GULDEN), 25 SCHILLING, 100 SCHILLING, 200 SCHILLING, 200 SHILLING, 500 SCHILLING, 1000 SCHILLING, 2000 SCHILLING
TAX FREE GOLD FROM BAHAMAS
5 DOLLARS, 10 DOLLARS, 20 DOLLARS, 25 DOLLARS, 50 DOLLARS, 100 DOLLARS, 150 DOLLARS, 200 DOLLARS, 250 DOLLARS, 2500 DOLLARS
TAX FREE GOLD FROM BARBADOS
10 DOLLARS, 25 DOLLARS, 50 DOLLARS, 100 DOLLARS, 200 DOLLARS, 250 DOLLARS
TAX FREE GOLD FROM BELGIUM
10 ECU, 20 ECU, 25 ECU, 50 ECU, 100 ECU, 12 1/2 EURO, 25 EURO, 50 EURO, 100 EURO, 10 FRANCS, 20 FRANCS, 5000 FRANCS
TAX FREE GOLD FROM BELIZE
25 DOLLARS, 50 DOLLARS, 100 DOLLARS, 250 DOLLARS, 500 DOLLARS
TAX FREE GOLD FROM BERMUDA
10 DOLLARS, 25 DOLLARS, 30 DOLLARS, 50 DOLLARS, 60 DOLLARS, 100 DOLLARS, 180 DOLLARS, 200 DOLLARS, 250 DOLLARS
TAX FREE GOLD FROM BHUTAN
1 SERTUM, 2 SERTUMS, 5 SERTUMS
TAX FREE GOLD FROM BIAFRA 1 POUND, 2 POUNDS, 5 POUNDS, 10 POUNDS, 25 POUNDS
TAX FREE GOLD FROM BOLIVIA
4000 PESOS BOLIVIANOS
TAX FREE GOLD FROM BOTSWANA
5 PULA, 150 PULA, 10 THEBE
TAX FREE GOLD FROM BRAZIL
300 CRUZEIROS, 4 000 REIS, 5 000 REIS, 6 400 REIS, 10 000 REIS, 20 000 REIS, 20 REAIS
TAX FREE GOLD FROM BRITISH VIRGIN ISLANDS
20 DOLLARS, 100 DOLLARS, 250 DOLLARS, 500 DOLLARS
TAX FREE GOLD FROM BULGARIA
1 LEV, 5 LEVA, 10 LEVA, 20 LEVA, 100 LEVA, 125 LEVA, 1 000 LEVA, 10 000 LEVA, 20 000 LEVA
TAX FREE GOLD FROM BURUNDI
10 FRANCS, 25 FRANCS, 50 FRANCS, 100 FRANCS
TAX FREE GOLD FROM CANADA
1 DOLLAR, 2 DOLLARS, 5 DOLLARS, 10 DOLLARS, 20 DOLLARS, 50 DOLLARS, 100 DOLLARS, 175 DOLLARS, 200 DOLLARS, 350 DOLLARS, 1 SOVEREIGN
TAX FREE GOLD FROM CAYMAN ISLANDS
25 DOLLARS, 50 DOLLARS, 100 DOLLARS, 250 DOLLARS
TAX FREE GOLD FROM CHAD
3 000 FRANCS, 5 000 FRANCS, 10 000 FRANCS, 20 000 FRANCS
TAX FREE GOLD FROM CHILE
2 PESOS, 5 PESOS, 10 PESOS, 20 PESOS, 50 PESOS, 100 PESOS, 200 PESOS, 500 PESOS
TAX FREE GOLD FROM CHINA
5/20 YUAN (1/20 oz), 10/50 YUAN (1/10 oz), 25/100 YUAN (1/4 oz), 50/200 YUAN (1/2 oz,) 100/500 YUAN (1 oz), 5 YUAN, 10 YUAN, 20 YUAN, 25 YUAN, 50 YUAN, 100 YUAN, 150 YUAN, 200 YUAN, 250 YUAN, 300 YUAN, 400 YUAN, 450 YUAN, 500 YUAN, 1 000 YUAN, 2 000 YUAN, 10 000 YUAN
TAX FREE GOLD FROM COLOMBIA
1 PESO, 2 PESOS, 2 1/2 PESOS, 5 PESOS, 10 PESOS, 20 PESOS, 100 PESOS, 200 PESOS, 300 PESOS, 500 PESOS, 1 000 PESOS, 1 500 PESOS, 2 000 PESOS, 15 000 PESOS
TAX FREE GOLD FROM CONGO
10 FRANCS, 20 FRANCS, 25 FRANCS, 50 FRANCS, 100 FRANCS
TAX FREE GOLD FROM COOK ISLANDS
5 DOLLARS, 10 DOLLARS, 20 DOLLARS, 25 DOLLARS, 100 DOLLARS, 200 DOLLARS, 250 DOLLARS
TAX FREE GOLD FROM COSTA RICA TAX FREE GOLD FROM CROATIA
5 COLONES, 10 COLONES, 20 COLONES, 50 COLONES, 100 COLONES, 200 COLONES, 1 500 COLONES, 5 000 COLONES, 25 000 COLONES, 100 000 COLONES
10 KUNA, 20 KUNA, 500 KUNA, 1 000 KUNA
TAX FREE GOLD FROM CUBA
4 PESOS, 5 PESOS, 10 PESOS, 20 PESOS, 50 PESOS, 100 PESOS
TAX FREE GOLD FROM CYPRUS
50 POUNDS
TAX FREE GOLD FROM CZECH REPUBLIC
1 000 KORUN (1 000 Kč), 2 000 KORUN (2 000 Kč), 2 500 KORUN (2 500 Kč), 5 000 KORUN (5 000 Kč), 10 000 KORUN (10 000 Kč)
TAX FREE GOLD FROM CZECHOSLOVAKIA
1 DUKÁT, 2 DUKÁT, 5 DUKÁT, 10 DUKÁT
TAX FREE GOLD FROM DENMARK
10 KRONER, 20 KRONER, 1 000 KRONER
TAX FREE GOLD FROM DOMINICAN REPUBLIC
30 PESOS, 100 PESO, 200 PESOS, 250 PESOS
TAX FREE GOLD FROM ECUADOR
1 CONDOR, 10 SUCRES
TAX FREE GOLD FROM EL SALVADOR
25 COLONES, 50 COLONES, 100 COLONES, 200 COLONES, 250 COLONES
TAX FREE GOLD FROM EQUATORIAL GUINEA
250 PESETAS, 500 PESETAS, 750 PESETAS, 1 000 PESETAS, 5 000 PESETAS
TAX FREE GOLD FROM ETHIOPIA
400 BIRR, 600 BIRR, 10 DOLLARS, 20 DOLLARS, 50 DOLLARS, 100 DOLLARS, 200 DOLLARS
TAX FREE GOLD FROM FIJI
5 DOLLARS, 10 DOLLARS, 200 DOLLARS, 250 DOLLARS
TAX FREE GOLD FROM FINLAND
20 EURO, 100 EURO, 1 MARKKA, 20 MARKKAA, 1 000 MARKKAA, 2 000 MARKKAA
TAX FREE GOLD FROM FRANCE
1/4 EURO, 10 EURO, 20 EURO, 50 EURO, 100 EURO, 200 EURO, 250 EURO, 500 EURO, 1 000 EURO, 5 000 EURO, 5 FRANCS, 10 FRANCS, 20 FRANCS, 40 FRANCS, 50 FRANCS, 100 FRANCS, 500 FRANCS
TAX FREE GOLD FROM GABON
10 FRANCS, 25 FRANCS, 50 FRANCS, 100 FRANCS, 1 000 FRANCS, 3 000 FRANCS, 5 000 FRANCS, 10 000 FRANCS, 20 000 FRANCS
TAX FREE GOLD FROM GAMBIA
200 DALASIS, 500 DALASIS, 1 000 DALASIS
TAX FREE GOLD FROM GERMANY
1 DM, 100 EURO
TAX FREE GOLD FROM GIBRALTAR
1/25 CROWN, 1/10 CROWN, 1/5 CROWN, 1/2 CROWN, 1 CROWN, 2 CROWNS, 50 PENCE, 1 POUND, 5 POUNDS, 25 POUNDS, 50 POUNDS, 100 POUNDS, 1/25 ROYAL, 1/10 ROYAL, 1/5 ROYAL, 1/2 ROYAL, 1 ROYAL
TAX FREE GOLD FROM GUATEMALA
5 QUETZALES, 10 QUETZALES, 20 QUETZALES
TAX FREE GOLD FROM GUERNSEY
1 POUND, 5 POUNDS, 10 POUNDS, 25 POUNDS, 50 POUNDS, 100 POUNDS
TAX FREE GOLD FROM GUINEA
1 000 FRANCS, 2 000 FRANCS, 5 000 FRANCS, 10 000 FRANCS
TAX FREE GOLD FROM HAITI
20 GOURDES, 50 GOURDES, 100 GOURDES, 200 GOURDES, 500 GOURDES, 1 000 GOURDES
TAX FREE GOLD FROM HONDURAS
200 LEMPIRAS, 500 LEMPIRAS
TAX FREE GOLD FROM HONG KONG
1 000 DOLLARS
TAX FREE GOLD FROM HUNGARY
1 DUKAT, 4 FORINT/10 FRANCS, 8 FORINT/20 FRANCS, 50 FORINT, 100 FORINT, 200 FORINT, 500 FORINT, 1 000, 5 000 FORINT, 10 000 FORINT, 20 000 FORINT, 50 000 FORINT, 100 000 FORINT, 500 000 FORINT, 10 KORONA, 20 KORONA, 100 KORONA
TAX FREE GOLD FROM ICELAND
500 KRONUR, 10 000 KRONUR
TAX FREE GOLD FROM INDIA
1 MOHUR, 15 RUPEES, 1 SOVEREIGN
TAX FREE GOLD FROM INDONESIA
2 000 RUPIAH, 5 000 RUPIAH, 10 000 RUPIAH, 20 000 RUPIAH, 25 000 RUPIAH, 100 000 RUPIAH, 200 000 RUPIAH
TAX FREE GOLD FROM IRAN
1/2 AZAD, 1 AZADI, 1/4 PAHLAVI, 1/2 PAHLAVI, 1 PAHLAVI, 2 1/2 PAHLAVI, 5 PAHLAVI, 10 PAHLAVI, 50 POUND, 500 RIALS, 750 RIALS, 1 000 RIALS, 2 000 RIALS
TAX FREE GOLD FROM IRAQ
5 DINARS, 50 DINARS, 100 DINARS
TAX FREE GOLD FROM ISLE OF MAN
1/20 ANGEL, 1/10 ANGEL, 1/4 ANGEL, 1/2 ANGEL, 1 ANGEL, 5 ANGEL, 10 ANGEL, 15 ANGEL, 20 ANGEL, 1/25 CROWN, 1/10 CROWN, 1/5 CROWN, 1/2 CROWN, 1 CROWN, 50 PENCE, 1 POUND, 2 POUNDS, 5 POUNDS, 50 POUNDS, 1/2 SOVEREIGN, 1 SOVEREIGN, 2 SOVEREIGNS, 5 SOVEREIGNS
TAX FREE GOLD FROM ISRAEL
20 LIROT, 50 LIROT, 100 LIROT, 200 LIROT, 500 LIROT, 1 000 LIROT, 5 000 LIROT, 5 NEW SHEQALIM, 10 NEW SHEQALIM, 20 NEW SHEQALIM, 5 SHEQALIM, 10 SHEQALIM, 500 SHEQEL
TAX FREE GOLD FROM ITALY
20 EURO, 50 EURO, 5 LIRE, 10 LIRE, 20 LIRE, 40 LIRE, 80 LIRE, 100 LIRE
TAX FREE GOLD FROM IVORY COAST
10 FRANCS, 25 FRANCS, 50 FRANCS, 100 FRANCS
TAX FREE GOLD FROM JAMAICA
100 DOLLARS, 250 DOLLARS
TAX FREE GOLD FROM JERSEY
1 POUND, 2 POUNDS, 5 POUNDS, 10 POUNDS, 20 POUNDS, 25 POUNDS, 50 POUNDS, 100 POUNDS, 1 SOVEREIGN
TAX FREE GOLD FROM JORDAN
2 DINARS, 5 DINARS, 10 DINARS, 25 DINARS, 50 DINARS, 60 DINARS
TAX FREE GOLD FROM KATANGA
5 FRANCS
TAX FREE GOLD FROM KENYA
100 SHILLINGS, 250 SHILLINGS, 500 SHILLINGS
TAX FREE GOLD FROM KIRIBATI
150 DOLLARS
TAX FREE GOLD FROM LATVIA
1 LATS (‘Ak, svētā Lestene!’), 1 LATS (‘Jūgendstils Rīgā’), 1 LATS (‘Zelta ābele’), 5 LATI (‘Pieclatnieks’), 10 LATU (‘Gafelšoneris Julia Maria’), 10 LATU (‘Zelta vēsture’), 20 LATU (‘Latvijas monēta’), 100 LATU
TAX FREE GOLD FROM LESOTHO
1 LOTI, 2 MALOTI, 4 MALOTI, 10 MALOTI, 20 MALOTI, 50 MALOTI, 100 MALOTI, 250 MALOTI, 500 MALOTI
TAX FREE GOLD FROM LIBERIA
12 DOLLARS, 20 DOLLARS, 25 DOLLARS, 30 DOLLARS, 50 DOLLARS, 100 DOLLARS, 200 DOLLARS, 250 DOLLARS, 500 DOLLARS, 2 500 DOLLARS
TAX FREE GOLD FROM LIECHTENSTEIN
10 FRANKEN, 20 FRANKEN, 25 FRANKEN, 50 FRANKEN, 100 FRANKEN
TAX FREE GOLD FROM LITHUANIA
5 EURO, 50 EURO, 10 LITŲ, 50 LITŲ, 100 LITŲ, 500 LITŲ
TAX FREE GOLD FROM LUXEMBURG
5 EURO, 10 EURO, 20 EURO, 175 EURO, 20 FRANCS
TAX FREE GOLD FROM MACAU
250 PATACAS, 500 PATACAS, 1 000 PATACAS, 10 000 PATACAS
TAX FREE GOLD FROM MALAWI
250 KWACHA
TAX FREE GOLD FROM MALAYSIA
100 RINGGIT, 200 RINGGIT, 250 RINGGIT, 500 RINGGIT
TAX FREE GOLD FROM MALI
10 FRANCS, 25 FRANCS, 50 FRANCS, 100 FRANCS
TAX FREE GOLD FROM MALTA
15 EURO, 50 EURO, 5 LIRI, 10 LIRI, 20 LIRI, 25 LIRI, 50 LIRI, 100 LIRI, LM 25
TAX FREE GOLD FROM MARSHALL ISLANDS
20 DOLLARS, 50 DOLLARS, 200 DOLLARS
TAX FREE GOLD FROM MAURITIUS
100 RUPEES, 200 RUPEES, 250 RUPEES, 500 RUPEES, 1 000 RUPEES
TAX FREE GOLD FROM MEXICO
1/20 ONZA, 1/10 ONZA, 1/4 ONZA, 1/2 ONZA, 1 ONZA, 2 PESOS, 2 1/2 PESOS, 5 PESOS, 10 PESOS, 20 PESOS, 50 PESOS, 250 PESOS, 500 PESOS, 1 000 PESOS, 2 000 PESOS
TAX FREE GOLD FROM MONACO
10 EURO, 20 EURO, 100 EURO, 20 FRANCS, 100 FRANCS, 200 FRANCS
TAX FREE GOLD FROM MONGOLIA
750 TUGRIK, 1 000 TUGRIK, 5 000 TUGRIK
TAX FREE GOLD FROM NEPAL
1 ASARPHI, 1 000 RUPEES
TAX FREE GOLD FROM NETHERLANDS
1 DUKAAT, 2 DUKAAT, 10 EURO, 20 EURO, 50 EURO, 1 GULDEN, 5 GULDEN, 10 GULDEN
TAX FREE GOLD FROM NETHERLANDS ANTILLES
5 GULDEN, 10 GULDEN, 50 GULDEN, 100 GULDEN, 300 GULDEN
TAX FREE GOLD FROM NEW ZEALAND
5 DOLLARS, 10 DOLLARS, 150 DOLLARS, 1.56 grammes/1/20 ounce, 3.11 grammes/1/10 ounce, 7.77 grammes/1/4 ounce, 15.56 grammes/1/2 ounce
TAX FREE GOLD FROM NICARAGUA
50 CORDOBAS
TAX FREE GOLD FROM NIGER
10 FRANCS, 25 FRANCS, 50 FRANCS, 100 FRANCS
TAX FREE GOLD FROM NIUE
2 1/2 DOLLARS (250 CENTS), 5 DOLLARS, 10 DOLLARS, 25 DOLLARS, 50 DOLLARS, 100 DOLLARS, 250 DOLLARS, 500 DOLLARS, 10 000 DOLLARS
TAX FREE GOLD FROM NORWAY
20 KRONER, 1 500 KRONER
TAX FREE GOLD FROM OMAN
25 BAISA, 50 BAISA, 100 BAISA, 1/4 OMANI RIAL, 1/2 OMANI RIAL, 1 OMANI RIAL, 5 OMANI RIALS, 10 OMANI RIALS, 15 OMANI RIALS, 20 OMANI RIALS, 25 OMANI RIALS, 75 OMANI RIALS
TAX FREE GOLD FROM PAKISTAN
3 000 RUPEES
TAX FREE GOLD FROM PANAMA
100 BALBOAS, 500 BALBOAS
TAX FREE GOLD FROM PAPUA NEW GUINEA
100 KINA
TAX FREE GOLD FROM PERU
1/5 LIBRA, 1/2 LIBRA, 1 LIBRA, 5 SOLES, 10 SOLES, 20 SOLES, 50 SOLES, 100 SOLES
TAX FREE GOLD FROM PHILIPPINES
1 000 PISO, 1 500 PISO, 5 000 PISO
TAX FREE GOLD FROM POLAND
10 ZŁOTYCH, 30 ZŁOTYCH, 50 ZŁOTYCH, 100 ZŁOTYCH (exception: 100 ZŁOTYCH ‘Beatyfikacja Jana Pawła II 1 V 2011’), 200 ZŁOTYCH (exception: 200 ZŁOTYCH ‘100-lecie Politechniki Warszawskiej’), 500 ZŁOTYCH
TAX FREE GOLD FROM PORTUGAL 1 ESCUDO, 100 ESCUDOS, 200 ESCUDOS, 500 ESCUDOS, 5 EURO, 8 EURO, 10 000 REIS
TAX FREE GOLD FROM RHODESIA
1 POUND, 5 POUNDS, 10 SHILLINGS
TAX FREE GOLD FROM ROMANIA
12 1/2 LEI, 20 LEI, 25 LEI, 50 LEI, 100 LEI, 500 LEI, 1 000 LEI, 2 000 LEI, 5 000 LEI
TAX FREE GOLD FROM RUSSIA
15 ROUBLES, 25 ROUBLES, 50 ROUBLES, 100 ROUBLES, 200 ROUBLES, 1 000 ROUBLES, 10 000 ROUBLES
TAX FREE GOLD FROM RWANDA
10 FRANCS, 25 FRANCS, 50 FRANCS, 100 FRANCS
TAX FREE GOLD FROM SAINT HELENA
1/16 GUINEA, 1/8 GUINEA, 1/4 GUINEA, 1/2 GUINEA, 1 GUINEA, 2 GUINEAS, 5 GUINEAS, 2 POUNDS, 5 POUNDS, 1/16 SOVEREIGN, 1/8 SOVEREIGN, 1/4 SOVEREIGN, 1/2 SOVEREIGN, 1 SOVEREIGN
TAX FREE GOLD FROM SAN MARINO
20 EURO, 50 EURO, 1 SCUDO, 2 SCUDI, 5 SCUDI, 10 SCUDI
TAX FREE GOLD FROM SAUDI ARABIA
1 GUINEA/1 SAUDI POUND
TAX FREE GOLD FROM SENEGAL
10 FRANCS, 25 FRANCS, 50 FRANCS, 100 FRANCS, 250 FRANCS, 500 FRANCS, 1 000 FRANCS, 2 500 FRANCS
TAX FREE GOLD FROM SERBIA
10 DINARA, 20 DINARA
TAX FREE GOLD FROM SEYCHELLES
1 000 RUPEES, 1 500 RUPEES
TAX FREE GOLD FROM SIERRA LEONE
20 DOLLARS, 50 DOLLARS, 100 DOLLARS, 250 DOLLARS, 500 DOLLARS, 2 500 DOLLARS, 1/4 GOLDE, 1/2 GOLDE, 1 GOLDE, 5 GOLDE, 10 GOLDE, 1 LEONE
TAX FREE GOLD FROM SINGAPORE
1 DOLLAR, 2 DOLLARS, 5 DOLLARS, 10 DOLLARS, 20 DOLLARS, 25 DOLLARS, 50 DOLLARS, 100 DOLLARS, 150 DOLLARS, 250 DOLLARS, 500 DOLLARS
TAX FREE GOLD FROM SLOVAK REPUBLIC
100 EURO, 5 000 KORUN (5 000 Sk), 10 000 KORUN (10 000 Sk)
TAX FREE GOLD FROM SLOVENIA
100 EURO, 5 000 TOLARS, 20 000 TOLARS, 25 000 TOLARS
TAX FREE GOLD FROM SOLOMON ISLANDS
10 DOLLARS, 25 DOLLARS, 50 DOLLARS, 100 DOLLARS
TAX FREE GOLD FROM SOMALIA
20 SHILLINGS, 50 SHILLINGS, 100 SHILLINGS, 200 SHILLINGS, 500 SHILLINGS, 1 500 SHILLINGS
TAX FREE GOLD FROM SOUTH AFRICA
1/10 KRUGERRAND, 1/4 KRUGERRAND, 1/2 KRUGERRAND, 1 KRUGERRAND, 1/10 oz NATURA, 1/4 oz NATURA, 1/2 oz NATURA, 1 oz NATURA, 1/2 POND, 1 POND, 1/10 PROTEA, 1 PROTEA, 1 RAND, 2 RAND, 5 RAND, 25 RAND, 1/2 SOVEREIGN (1/2 POUND), 1 SOVEREIGN (1 POUND)
TAX FREE GOLD FROM SOUTH KOREA
2 500 WON, 20 000 WON, 25 000 WON, 30 000 WON, 50 000 WON
TAX FREE GOLD FROM SPAIN
2 ESCUDOS, 10 ESCUDOS, 20 EURO, 100 EURO, 200 EURO, 400 EURO, 10 PESETAS, 20 PESETAS, 25 PESETAS, 5 000 PESETAS, 10 000 PESETAS, 20 000 PESETAS, 40 000 PESETAS, 80 000 PESETAS, 100 REALES
TAX FREE GOLD FROM SUDAN
25 POUNDS, 50 POUNDS, 100 POUNDS
TAX FREE GOLD FROM SURINAM
20 DOLLARS, 50 DOLLARS, 100 GULDEN
TAX FREE GOLD FROM SWAZILAND
2 EMALANGENI,5 EMALANGENI, 10 EMALANGENI, 20 EMALANGENI, 25 EMALANGENI, 50 EMALANGENI, 100 EMALAGENI, 250 EMALAGENI, 1 LILANGENI
TAX FREE GOLD FROM SWEDEN
5 KRONOR, 10 KRONOR, 20 KRONOR, 1 000 KRONOR, 2 000 KRONOR, 4 000 KRONOR
TAX FREE GOLD FROM SWITZERLAND TAX FREE GOLD FROM SYRIA
10 FRANCS, 20 FRANCS, 50 FRANCS, 100 FRANCS
1/2 POUND, 1 POUND
TAX FREE GOLD FROM TANZANIA
1 500 SHILINGI, 2 000 SHILINGI
TAX FREE GOLD FROM THAILAND
150 BAHT, 300 BAHT, 400 BAHT, 600 BAHT, 800 BAHT, 1 500 BAHT, 2 500 BAHT, 3 000 BAHT, 4 000 BAHT, 5 000 BAHT, 6 000 BAHT
TAX FREE GOLD FROM TONGA
1/2 HAU, 1 HAU, 5 HAU, 1/4 KOULA, 1/2 KOULA, 1 KOULA
TAX FREE GOLD FROM TRISTAN DA CUNHA
1/16 GUINEA, 1/8 GUINEA, 1/4 GUINEA, 1/2 GUINEA, 1 GUINEA, 2 GUINEAS, 5 GUINEAS, 2 POUNDS, 5 POUNDS, 1/16 SOVEREIGN, 1/8 SOVEREIGN, QUARTER SOVEREIGN, HALF SOVEREIGN, SOVEREIGN
TAX FREE GOLD FROM TUNISIA
2 DINARS, 5 DINARS, 10 DINARS, 20 DINARS, 40 DINARS, 75 DINARS, 10 FRANCS, 20 FRANCS, 100 FRANCS, 5 PIASTRES
TAX FREE GOLD FROM TURKEY
25 KURUSH (25 PIASTRES), 50 KURUSH (50 PIASTRES), 100 KURUSH (100 PIASTRES), 250 KURUSH (250 PIASTRES), 500 KURUSH ( 500 PIASTRES), 1/2 LIRA, 1 LIRA, 500 LIRA, 1 000 LIRA, 10 000 LIRA, 50 000 LIRA, 100 000 LIRA, 200 000 LIRA, 1 000 000 LIRA, 60 000 000 LIRA
TAX FREE GOLD FROM TURKS & CAICOS ISLANDS
100 CROWNS
TAX FREE GOLD FROM TUVALU
50 DOLLARS
TAX FREE GOLD FROM UGANDA
50 SHILLINGS, 100 SHILLINGS, 500 SHILLINGS, 1 000 SHILLINGS
TAX FREE GOLD FROM UNITED ARAB EMIRATES
500 DIRHAMS, 750 DIRHAMS, 1 000 DIRHAMS
TAX FREE GOLD FROM UNITED KINGDOM
1/3 GUINEA, 1/2 GUINEA, 50 PENCE, 1 POUND, 2 POUNDS, 5 POUNDS, 10 POUNDS, 25 POUNDS, 50 POUNDS, 100 POUNDS, 500 POUNDS, 1 000 POUNDS, QUARTER SOVEREIGN, 1/2 SOVEREIGN (1/2 POUND), 1 SOVEREIGN (1 POUND), 2 SOVEREIGNS
TAX FREE GOLD FROM URUGUAY
5 000 NUEVO PESOS, 20 000 NUEVO PESOS, 5 PESOS
TAX FREE GOLD FROM USA
2 1/2 DOLLARS, 5 DOLLARS, 10 DOLLARS (AMERICAN EAGLE), 20 DOLLARS, 25 DOLLARS, 50 DOLLARS, 50 DOLLARS (AMERICAN BUFFALO), 50 DOLLARS (AMERICAN EAGLE)
TAX FREE GOLD FROM VATICAN
20 EURO, 50 EURO, 10 LIRE GOLD, 20 LIRE, 100 LIRE GOLD
TAX FREE GOLD FROM VENEZUELA
10 BOLIVARES, 20 BOLIVARES, 100 BOLIVARES, 1 000 BOLIVARES, 3 000 BOLIVARES, 5 000 BOLIVARES, 10 000 BOLIVARES, 5 VENEZOLANOS
TAX FREE GOLD FROM WESTERN SAMOA
50 TALA, 100 TALA
TAX FREE GOLD FROM YUGOSLAVIA TAX FREE GOLD FROM ZAIRE
20 DINARA, 100 DINARA, 200 DINARA, 500 DINARA, 1 000 DINARA, 1 500 DINARA, 2 000 DINARA, 2 500 DINARA, 5 000 DINARA, 1 DUCAT, 4 DUCATS
100 ZAIRES
TAX FREE GOLD FROM ZAMBIA
250 KWACHA
New Silver, Platinum and Palladium bullion bars, rounds and coins, plus non-qualifying gold and numismatic coins are all rated at the full standard VAT rate for the country. Some countries treat legal tender silver coins differently, charging either zero, or a reduced rate.
This becomes an issue when one country charges VAT at 25% on legal tender silver bullion coins, whilst another charges 0% – and a thriving cottage industry now exists to enable citizens of high VAT countries to buy their investment metals in another EU-member state, take “delivery” in that country and then ship to their home country side-stepping local VAT.
Although perfectly legal, this is now becoming a grey area and some countries, notably Sweden are clamping down on this trade.
The only other way for EU bullion dealers to offer truly zero-rated silver coins – and indeed silver, platinum and palladium bullion at zero VAT, is by ensuring the metals remain vaulted outside of the EU, otherwise VAT will be payable at the full local amount.
Belgium 21%
Bulgaria 20%
Croatia 25%
Czech Republic 21%
Denmark 25%
Estonia 20%
Finland 24%
France 20%
Germany 19%
Greece 24%
Hungary 27%
Ireland 23%
Italy 22%
Latvia 21%
Lithuania 21%
Luxembourg 17%
Malta 18%
Netherlands 21%
Poland 23%
Portugal 23%
Romania 19%
Slovakia 20%
Slovenia 22%
Spain 21%
Sweden 25%
Switzerland 8%
Turkey 18%
Some EU / EFTA countries treat silver bullion differently. Estonia charges 0% VAT on legal tender silver coins. In Germany and The Netherlands, VAT is only applied to the dealer’s margin for eligible silver coins. Some UK dealers (notably Chards) sell pre-owned silver bullion bars using a similar margin scheme. Although outside of the EU, Norway is an EFTA country and like Estonia, charges VAT at 0% on silver coins when delivered in-country.
EU CAPITAL GAINS TAX ON BULLION
As with VAT, Capital Gains Tax (CGT) varies depending on the bullion product and country. Typically there is full CGT paid on all precious metals bars and rounds, however coins that are “Legal Tender” can be exempt from any CGT – this is the case in the UK.
This leads to confusing situations where legal tender silver platinum and palladium coins can be exempt from CGT, but liable for VAT. Gold legal tender coins on the other hand, are exempt from both CGT where applicable and VAT – the #1 reason UK Gold Sovereigns and Britannias are such popular coins with UK investors – even when allowing for their often higher premiums compared to bars and rounds.
Some other countries such as Spain charge additional CGT-like taxes on assets when a citizen leaves the country permanently. If you intend to leave Spain and have lived there for at least 10 years in the prior 15 years, you may face an “exit tax”, which is applied to unrealised gains on certain assets wherever they are in the world – including gold.
IMPORTANT: The above tax details are listed for information purposes only and are believed correct at time of publication. Bullion.Directory are not tax experts. All enquiries about European taxes should be addressed to the appropriate body. Taxes and taxation are subject to change.
