Customer service | The Silver Mountain

When buying or owning gold, silver or other precious metals, certain tax rules may apply. In the Netherlands, precious metals are generally considered part of your assets and in many cases fall under Box 3 of the income tax system. 

On this page you will find an overview of the most important tax-related questions concerning precious metals, such as tax declarations, VAT rules and the tax treatment of private or business ownership. 

Do I have to declare gold and silver in my tax return? 

The Dutch Tax Administration generally considers physical precious metals to be part of your assets. This means that gold and silver usually need to be declared in Box 3 of your income tax return. 

More about Tax Return and Gold

Would you like to know which value should be used when filing your tax return? You can also read our explanation about the annual reference value of investment gold for tax reporting. 

How is privately owned precious metal taxed? 

When you invest in precious metals as a private individual, the value usually falls under your assets in Box 3 of the income tax system. There are some exceptions, for example when precious metals are classified as collectible items. 

Box 3 and Gold

How does VAT work when buying or selling precious metals? 

VAT rules differ depending on the type of precious metal. Investment gold is exempt from VAT, while silver and other metals are often subject to VAT when purchased or sold. 

Precious metals and VAT

Can a private limited company (BV) buy gold?

Companies and private limited companies (BV’s) can also invest in gold, silver or other precious metals. In that case, the precious metal is usually recorded on the company’s balance sheet and the rules for corporate income tax apply. More information can be found on the page about investing in precious metals as a business. 

This information is provided for general informational purposes only and should not be considered financial or tax advice. For personal advice, we recommend consulting an accountant or tax specialist.