VAT rates for purchase and sale of gold, businesses and public sector enterprises


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When selling gold based on weight and fineness to a business or public sector enterprise, the buyer calculates and pays VAT.

The rate applies for the income year 2018

If you need rates for the tax return, you must check the rates for 2017

By "income year", we mean the year in which the income or expense arises. The rates for the income year are used in the tax return and tax calculation.

By "assessment year", we mean the year after the income year and in which the tax return for the income year must be submitted/checked and the tax calculated.




Gold based on weight and fineness.

Calculated by the purchaser

If you sell gold to other businesses or public enterprises as a business, you should not calculate and collect VAT from the buyer. This applies to sales of gold down to a fineness of 325 parts per thousandth. You should enter the turnover as 0-rated in your accounts system. You should also state in the sales document that the turnover is covered by the rules concerning reverse tax liability and that no VAT has been calculated. You should state the buyer’s organisation number in the sales document. If the buyer is registered in the VAT Register, “mva” (VAT) must be stated after the organisation number.

Gold jewellery and other gold objects


These are counted as an ordinary sale.

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