As of January 1, 2025, a new directive (Directive (EU) 2022/542) has been in force that is binding on all member states of the European Union.
This EU directive stipulates that, from January 1, 2025, goods imported into the EU from third countries (including Switzerland) may no longer be subject to margin scheme taxation, but may only be sold and invoiced at the regular tax rate.
What does this mean for our customers in the EU?
From now on, SINCONA Deutschland GmbH will exclusively process auction purchases with shipping to the following countries, charging the respective sales tax on the total amount (hammer price + 20% buyer's premium).
- Germany (+7% or 19% sales tax, respectively)
- France (+5.5 sales tax)
- Italy (+5% sales tax)
- Luxembourg (+8% sales tax)
VAT-exempt gold coins (according to this list) are not affected by this change if shipped within the above mentioned countries or picked up in our office in Weil am Rhein, Germany.
Shipping to all other EU states will be made from Switzerland, unless processing through SINCONA Deutschland GmbH and thus regular taxed billing for the recipient country is expressly requested.
What is my country's VAT rate?
Please see this external website for an overview of the current VAT rates in each memberstate.
We're happy to assist you
Please contact our customer service if you have any questions regarding the processing and invoicing of your auction purchases.