7% VAT on silver coins can save you 14% on the purchase price.

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GoldDirect.com has made it possible for its customers in Europe to buy silver coins at the lowest VAT rate possible of 7%. Enabling them to save up to 14% compared to their local VAT rates.

Lowest VAT rate possible on silver coins
lowest prices on silver coins

Investing in physical silver is becoming more expensive since numerous EU countries increases their VAT-rate and others have indicated an VAT increase in January 2013. The UK has an VAT of 20%, France 19,6%, Portugal of 23%, Italy 21% and in the Netherlands the standard rate of VAT was changed from 19% to 21% in October. Germany still enjoys the low rate of 7%. However, it is expected that Germany will rise towards an 19% VAT-rate in January 2013.

GoldDirect.com has made it possible for customers in Europe to buy silver coins till January 2013 at the 7% VAT-rate. For consumers the 7% VAT can be rendered by picking up the parcels themselves or let it be collected by a courier service from the depot in Frankfurt, Germany. This can save you almost 14% discount on the purchase price.

To give an indication of the 14% discount for clients in Europe with the German VAT rate of 7% you can check our infographic chart.

In addition to this new service Gold Direct offers their European clients the possibility to sell back their gold/silver to Gold Direct using fully insured logistics.


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Guido van Stijn
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