EE_
19th October 2012, 08:54 AM
Government wants to levy higher silver coins
With the EU harmonization will drop the existing tax concessions for German investors.
They are also looking silver coins are covered with 19 percent VAT.
By Daniel Eckert
The government is preparing an attack on property tax values. Coins of silver will continue a 19-percent tax subject - instead of the current seven percent, as the "world" government sources told. The same goes for art and antiques.
Basis for the elimination of lower taxation could already be the Annual Tax Act 2013, which was on Wednesday advised the Finance Committee. Thus, the new rules would take effect from January. The Finance Ministry would not confirm on request not think the changes will come into force in 2013 Eliminated the tax privileges, it is established, however: "The reduced rate is to be abolished in principle," it said in a statement the Ministry of Finance to the "world".
German investors privilege falls away
Background for the tax increase is to harmonize the law in Europe - in this case, does the VAT system policy. The European Commission had initiated infringement proceedings against Germany and our general allowances. This pressure, it says the ministry, one must bow down.
The tax advantage is an exception in a European comparison. It also applies for this reason many tax experts as a foreign body. But not only the comparison with other countries is critically an argument at hand. The German principle and exception rule on VAT on precious metals in itself is not easy to penetrate.
Gold coins and bars are exempt from tax
The treatment of precious metals in the VAT is as different as imaginable: gold coins and gold bars are about completely exempt from VAT - provided they meet the requirements, such as to fineness and weight, for "investment gold".
Gold coins do not fall under this category, shall be payable on the acquisition of VAT, as well as silver coins. It is different from the other hand in silver bullion. Who his white precious metal rather than on pieces pressed into buying coins must also previously been charged the full rate of 19 percent.
Platinum is taxed at 19 percent
Without any special position, palladium and platinum . Those who buy coins or bars made of these metals must now pay just 19 percent VAT. Collector coins are again an exception.
The cheap money policies of central banks has meant that confidence in paper assets such as bonds shrinks when large segments of the population. The tax increase next year, therefore, meets most investors, the traditional investment products are skeptical.
http://translate.google.de/translate?sl=de&tl=en&js=n&prev=_t&hl=de&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.welt.de%2Ffinanzen%2Farticle109 953943%2FRegierung-will-Silbermuenzen-hoeher-besteuern.html
With the EU harmonization will drop the existing tax concessions for German investors.
They are also looking silver coins are covered with 19 percent VAT.
By Daniel Eckert
The government is preparing an attack on property tax values. Coins of silver will continue a 19-percent tax subject - instead of the current seven percent, as the "world" government sources told. The same goes for art and antiques.
Basis for the elimination of lower taxation could already be the Annual Tax Act 2013, which was on Wednesday advised the Finance Committee. Thus, the new rules would take effect from January. The Finance Ministry would not confirm on request not think the changes will come into force in 2013 Eliminated the tax privileges, it is established, however: "The reduced rate is to be abolished in principle," it said in a statement the Ministry of Finance to the "world".
German investors privilege falls away
Background for the tax increase is to harmonize the law in Europe - in this case, does the VAT system policy. The European Commission had initiated infringement proceedings against Germany and our general allowances. This pressure, it says the ministry, one must bow down.
The tax advantage is an exception in a European comparison. It also applies for this reason many tax experts as a foreign body. But not only the comparison with other countries is critically an argument at hand. The German principle and exception rule on VAT on precious metals in itself is not easy to penetrate.
Gold coins and bars are exempt from tax
The treatment of precious metals in the VAT is as different as imaginable: gold coins and gold bars are about completely exempt from VAT - provided they meet the requirements, such as to fineness and weight, for "investment gold".
Gold coins do not fall under this category, shall be payable on the acquisition of VAT, as well as silver coins. It is different from the other hand in silver bullion. Who his white precious metal rather than on pieces pressed into buying coins must also previously been charged the full rate of 19 percent.
Platinum is taxed at 19 percent
Without any special position, palladium and platinum . Those who buy coins or bars made of these metals must now pay just 19 percent VAT. Collector coins are again an exception.
The cheap money policies of central banks has meant that confidence in paper assets such as bonds shrinks when large segments of the population. The tax increase next year, therefore, meets most investors, the traditional investment products are skeptical.
http://translate.google.de/translate?sl=de&tl=en&js=n&prev=_t&hl=de&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.welt.de%2Ffinanzen%2Farticle109 953943%2FRegierung-will-Silbermuenzen-hoeher-besteuern.html