Whether you are investing in gold or silver, the tax applied on your investment will be very different depending on your country of residence. As an investor, it is necessary that you know the applied taxation (VAT, taxes on capital gains, wealth, etc …). Orobel offers in this article the different tax systems applied in the country on precious metals gold and silver.

Country	Gold		Silver		Notes
	Purchase	Selling	Purchase	Selling
FRANCE	None	10,5 % tax on precious metals	20 % tax	10,5 % on precious metals	Precious metals enter in the declaration of ISF. Tax PV: abatement of 5% per year from the third year of ownership. However, to qualify, we must be able to produce a receipt showing the price and date of acquisition. After 22 years of detention, there is a total exemption from tax
		34,5 % tax on added value		34,5 % on added value
BELGIUM	None	None	None	21 % VAT
SWISS	None	None	8 % VAT	None	Precious metals enter in the declaration of ISF.
ITALY	None	For companies : 6 % tax on added value. For private investors : 12,5 % tax on added value.	21 % VAT	For companies : 6 % tax on added value. For private investors : 12,5 % tax on added value.
UNITED KINGDOM	None	18 % tax on added value (Capital Gains Tax)	17,5 % VAT	18 % tax on added value (Capital Gains Tax)	CGT applies only on bullion and coins who does not legally courses
IRELAND	None	25 % tax on added value (Capital Gains Tax)	21 % VAT	25 % tax on added value (Capital Gains Tax)
SPAIN	None	20 % tax on added value	16 % VAT	None	Rate can softly change from a region to another.
GERMANY	None	None	19 % VAT for bullions 19 % VAT for coins	None	In 2014, Germany have changed the VAT on gold coin from 7% to 19%, just like for bullions. We need to know a little bit more if this VAT applies only on the margin, or on the whole price.
CANADA	None	Capital Gains Tax : 50% allowance since the 1st year of ownership. The 50% remaining will have to be included in the income tax form.	None	Capital Gains Tax : 50% allowance since the 1st year of ownership. The 50% remaining will have to be included in the income tax form.	More infos ont the Canada Revenue Agency’s website.
UNITED STATES	None	28 % Capital Gains Tax	None	28 % Capital Gains Tax	Gold and Silver are considered as « collectibles » > Plus d’infos

Read also : Invest in gold with Orobel. 

All news and infos about gold on 

[button type= »info » target= »_self » link= »http://orobel.biz/en/info/news.html » icon= »info-sign »]Orobel.biz[/button]