Hello to all,
Does anyone have any experience with importing a gold coin collection and knowledge of VAT taxes. From read so far, an 18% VAT tax on gold bullion and coins may apply. Monetary instruments over 10K also have to be reported. How the gold coin value is calculated is not clear. In most countries if a coin is of legal tender, stamped with a value (eagle $25, $50), that is the value of the coin. The definition of a collection in one country to another also varies. I tried to call airport customs but, no one seemed to know for sure. I am coming from a non-EU country. The amount of gold jewelry one can wear is also not defined… worst case scenario I can melt them down for gold chains… any experiences would be appreciated.. thx..
