In addition to gold and silver, pieces made of platinum and palladium are now a common standard in the investment sector.
Bars and coins made of platinum and palladium are standardized and tradable worldwide.
Unlike gold, platinum and palladium are not exempt from VAT in Austria, so VAT must be collected on the purchase of platinum coins, as with silver.
Differential taxation of platinum & palladium
However, it is possible - as with silver co ins - when selling platinum coins on which the full VAT has already been paid once, to purchase them subject to differential taxation and thus save part of the 20% VAT in the regular way.
However, differential taxation for platinum and palladium is only possible for coins and coin bars (those that are legal tender). When buying platinum bars and palladium bars always grefit the standard tax rate of 20%.
The gold certificate
Sign up for our gold letter and get the latest developments in the precious metals market.