New definition of investment gold

In addition to pure bars and gold plates, other pressed forms of fine gold are also recognized as VAT-exempt investment gold.

While VAT is payable on gold jewelry and other items made of gold or containing gold, the purchase of investment gold is exempt from VAT. The VAT Act defines investment gold as gold bars, coins or plates with a purity above a certain limit. With an adjustment to the VAT application decree, this definition is now somewhat broader. This means that gold in round, oval or irregular shapes is now considered investment gold if it is accepted by the gold market and has a purity of at least 995 thousandths, even though it is not in the form of bars or plates.