Buy gold tax-free

Many coins and bars can be bought tax-free in Austria

In Austria and the European Union, gold coins and bars are exempt from VAT if certain legal requirements are met.
In other cases, a reduced tax rate of 10% or the usual tax rate of 20% applies.

Gold bars tax-free

Gold bars are tax-free if they meet the following two criteria:

• They have an accepted weight on the gold market

• Their purity is at least 99.5 %

Gold coins tax-free

Gold coins are exempt from VAT if they meet the following four criteria:

• They must have a fineness of at least 90%

• They must have been minted after the year 1800

• They must be or have been used as a means of payment in their country of origin

• The selling price of the coins may not exceed 80% of the market value of their gold content

This means that investment gold coins, such as the Vienna Philharmonic, Maple Leaf, or Krugerrand, are exempt from tax. The same applies to Austrian commercial gold coins such as ducats, crowns and guilders. In addition, no tax is levied on the 1999 gold issues, i.e. the 500-Schilling "Johann Strauss" gold and the 1000-Schilling "Kaiser Karl" gold.

Coins & medals: Reduced tax rate of 10%

This reduced taxation is applied to coins and medals if their sales price excluding VAT is more than 250% of the pure material value. The metal value is determined taking into account the fine weight. Collector's items and antiques over 100 years old that meet this requirement are also subject to 10% VAT. Collector's items are coins that are not or were not legal tender and coins that are of interest to numismatists.

When does the standard tax rate of 20% apply?

The standard tax rate of 20% applies to all other coins. This includes gold coins minted before 1800 and coins for which the sales price is more than 80% and less than 250% (excluding VAT) of the gold market price. Special commemorative coins - such as the Millennium series, Mozart and Habsburgs - are particularly worth mentioning here. Collector's items and antiques are also affected by the 20% tax rate if they do not meet the conditions for the reduced tax rate. Furthermore, the standard tax rate applies to unprocessed gold.

Buy gold tax-free

Invest your money - at least partially - in gold. For small investors, investing in gold is less risky than other investments such as shares or funds. Because gold retains its value!

If you want to buy gold tax-free, you can do so at any time in one of our Gold & Co. branches in 1090, 1030 or 1220 Vienna. We will be happy to advise you on the various options for investing in precious metals. If you have any questions, you can contact us at any time.

Find out about our current gold price now.