Section IX: Special schemes

1. The following are exempt from value added tax: a. The supply, intra-Community acquisition and importation of investment gold, including where the investment gold is traded on gold accounts or in the form of certificates or contracts which give the purchaser a right of ownership or claim over that gold; b. Services provided by taxable persons acting in the name and on behalf of others in the transactions referred to…

1. Taxable persons who produce investment gold or transform gold into investment gold may, as an option, make the supply of such investment gold to another taxable person subject to value added tax. 2. Taxable persons who usually carry out supplies of gold intended for industrial use may, as an option, make each supply of gold referred to in a of 2 of Article 298 sexdecies A to another taxable…

1. Taxable persons who make supplies of gold that are exempt pursuant to article 298 sexdecies A may deduct the value added tax that has been charged on: a. Their purchases of investment gold where these purchases were subject to tax pursuant to article 298 sexdecies B; b. Their purchases of gold other than investment gold where such gold has been acquired or imported with a view to its conversion…

For the supplies mentioned in 1 and 2 of article 298 sexdecies B, the tax is paid by the recipient. However, the seller is jointly and severally liable for payment of the tax.

1. Taxable persons who buy and resell investment gold as defined in 2 of article 298 sexdecies A must keep, for six years in support of their accounts, documents enabling their customers to be identified for all transactions of €15,000 or more. 2. Where they are subject to the obligations of article 537, taxable persons may meet the obligation mentioned in 1 by producing the register provided for in this…