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) can no longer be subject to margin scheme taxation, but can only be sold and invoiced at a standard tax rate.
What does this mean for our customers in the EU?
• If collected/shipped within Germany, the German reduced 7% VAT will be added to the total amount (hammer price + 20% buyer's premium).
• If shipped to all other EU countries, the VAT rate applicable in the respective country of the recipient will be added to the total amount (hammer price + 20% buyer's premium).
• VAT-exempt gold coins (according to this list) are not affected by this change.
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.