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<p>[QUOTE="Blaubart, post: 1605670, member: 37498"]Maybe Mikey or GoldMark could help answer this, but my main concern with buying bullion in Germany would be their Value Added Tax. As far as I know, it's currently at 19% on most goods and services. (7% on some items like food, and some goods and services are exempt, like banking and health services). Is buying PM for investment purposes considered "banking"? (Unfortunately, I'm thinking the banking exemption is for banking services.)</p><p><br /></p><p>When I was stationed in Germany, we were exempt from paying the VAT. However, in order to exercise that exemption we had to have the merchant fill out a form, bring that form back to post and have it signed, and then go back to the merchant and purchase the item. With all that hassle it wasn't worth it for buying a bratwurst, but it was worth it for buying more expensive items.</p><p><br /></p><p>I'm hoping for my sake and Mikey's, that bullion purchases are exempt from VAT. Or, for Mikey's sake, that the VAT exemption still exists and that they've reduced or eliminated the administrative burden of exercising it.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1605670, member: 37498"]Maybe Mikey or GoldMark could help answer this, but my main concern with buying bullion in Germany would be their Value Added Tax. As far as I know, it's currently at 19% on most goods and services. (7% on some items like food, and some goods and services are exempt, like banking and health services). Is buying PM for investment purposes considered "banking"? (Unfortunately, I'm thinking the banking exemption is for banking services.) When I was stationed in Germany, we were exempt from paying the VAT. However, in order to exercise that exemption we had to have the merchant fill out a form, bring that form back to post and have it signed, and then go back to the merchant and purchase the item. With all that hassle it wasn't worth it for buying a bratwurst, but it was worth it for buying more expensive items. I'm hoping for my sake and Mikey's, that bullion purchases are exempt from VAT. Or, for Mikey's sake, that the VAT exemption still exists and that they've reduced or eliminated the administrative burden of exercising it.[/QUOTE]
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