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<p>[QUOTE="chrisild, post: 1807809, member: 39"]Sorry, I'm not a taxation expert. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> The VAT is a tax that the "end consumer" pays. If you have a business in the EU, you will usually have a VAT ID - and if a coin dealer buys pieces from a mint or a distributor, and provides that ID, no VAT will be charged. Now if that dealer sells one of these coins to a collector, he will charge for the item, shipping, but also the VAT. The collector pays, the dealer pays the collected VAT to the German Finanzamt (sort of IRS). See <a href="http://ec.europa.eu/taxation_customs/taxation/vat/how_vat_works/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://ec.europa.eu/taxation_customs/taxation/vat/how_vat_works/" rel="nofollow">http://ec.europa.eu/taxation_customs/taxation/vat/how_vat_works/</a> All I know is that these days quite a few people here buy silver coins, as prices are likely to go up for those, due to the new tax rate ...</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 1807809, member: 39"]Sorry, I'm not a taxation expert. :) The VAT is a tax that the "end consumer" pays. If you have a business in the EU, you will usually have a VAT ID - and if a coin dealer buys pieces from a mint or a distributor, and provides that ID, no VAT will be charged. Now if that dealer sells one of these coins to a collector, he will charge for the item, shipping, but also the VAT. The collector pays, the dealer pays the collected VAT to the German Finanzamt (sort of IRS). See [url]http://ec.europa.eu/taxation_customs/taxation/vat/how_vat_works/[/url] All I know is that these days quite a few people here buy silver coins, as prices are likely to go up for those, due to the new tax rate ... Christian[/QUOTE]
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