--- title: Do I have to pay taxes on purchases and sales of gold and silver? description: "The sale of gold may be taxed in certain European countries. Please contact your tax office\nfor more information." --- [Skip to content](https://support.veracash.com/do-i-have-to-pay-taxes-on-purchases-and-sales-of-gold-and-silver#main-content) English Show submenu for translations [Contact us](https://support.veracash.com/kb-tickets/new?hsLang=en) ![Couleur + blanc.png\]](https://support.veracash.com/hs-fs/hubfs/Couleur%20+%20blanc.png?height=40&name=Couleur%20+%20blanc.png) - [Home](https://www.veracash.com/) - [About the company](https://www.veracash.com/about-us) Open main navigation Close main navigation - [Home](https://www.veracash.com/) - [About the company](https://www.veracash.com/about-us) - English Show submenu for translations - [Contact us](https://support.veracash.com/kb-tickets/new) - Contact us Contact us How we can help? - There are no suggestions because the search field is empty. 1. [Help Centre](https://support.veracash.com/?hsLang=en) 2. [Learn more](https://support.veracash.com/learn-more?hsLang=en) 3. [Taxes](https://support.veracash.com/learn-more?hsLang=en#taxes) January 21, 2025 # Do I have to pay taxes on purchases and sales of gold and silver? ## The sale of gold may be taxed in certain European countries. Please contact your tax office for more information. We provide statements and purchasing receipts so you can file your tax returns with your tax authority. ### Types of precious metals sold via VeraCash The gold which is available for purchase through VeraCash falls into the category of investment gold: - coins whose purity is greater than or equal to 900 parts per thousand (GoldPremium); or - gold in the form of bars, ingots and plates with a weight of more than one gram or whose purity is greater than or equal to 995 parts per thousand (GoldSpot). The silver which is available for purchase through VeraCash falls into the category of tokens and coins which are valid legal tender, whose purity is greater than or equal to 995 parts per thousand. ### Taxation of purchases of investment gold In Europe, investment gold is exempt from VAT, meaning you have no tax to pay when you buy gold via VeraCash. ### Taxation of purchases of silver In Europe, VAT is applied to all purchases of silver products. However, because VeraCash stores our members’ silver in a free zone in Geneva, it has a special dispensation from VAT when purchased. ### Taxation of sales of investment gold The taxation of sales of investment tokens and of coins which are valid legal tender (called “GoldPremium” on our platform) and bullion (called “GoldSpot” on our platform) varies from one country to the next. We recommend you reach out to your tax office for more information on the taxation of sales of tokens, coins which are valid legal tender and gold bullion. ### Taxation of sales of silver The taxation of sales of silver tokens (called “Silver” on our platform) varies from one country to the next. We recommend you reach out to your tax office for more information on the taxation of sales of silver tokens. See also: - [Do I have to declare my purchases and sales of precious metals?](https://support.veracash.fr/aide/do-i-have-to-declare-my-purchases-and-sales-of-precious-metals?hsLang=en) - [Getting started on Veracash](https://support.veracash.com/getting-started-on-veracash?hsLang=en#main-content) - [Open an account](https://support.veracash.com/getting-started-on-veracash?hsLang=en#open-an-account) - [Order and activate the debit card](https://support.veracash.com/getting-started-on-veracash?hsLang=en#order-and-activate-the-debit-card) - [My purchases](https://support.veracash.com/my-purchases?hsLang=en#main-content) - [How to buy on Veracash?](https://support.veracash.com/my-purchases?hsLang=en#how-to-buy-on-veracash) - [Buy Gold](https://support.veracash.com/my-purchases?hsLang=en#buy-gold) - [Buy Silver](https://support.veracash.com/my-purchases?hsLang=en#buy-silver) - [My payment card](https://support.veracash.com/my-payment-card?hsLang=en#main-content) - [Manage my limits](https://support.veracash.com/my-payment-card?hsLang=en#manage-my-limits) - [Manage my card](https://support.veracash.com/my-payment-card?hsLang=en#manage-my-card) - [Block my card](https://support.veracash.com/my-payment-card?hsLang=en#block-my-card) - [Contactless payment](https://support.veracash.com/my-payment-card?hsLang=en#contactless-payment) - [My transactions](https://support.veracash.com/my-transactions?hsLang=en#main-content) - [Irregularities and incidents](https://support.veracash.com/my-transactions?hsLang=en#irregularities-and-incidents) - [My operations](https://support.veracash.com/my-transactions?hsLang=en#my-operations) - [Veracash transfers](https://support.veracash.com/my-transactions?hsLang=en#veracash-transfers) - [My realised gains or losses](https://support.veracash.com/my-transactions?hsLang=en#my-realised-gains-or-losses) - [Manage my account](https://support.veracash.com/manage-my-account?hsLang=en#main-content) - [Sign in](https://support.veracash.com/manage-my-account?hsLang=en#sign-in) - [My settings](https://support.veracash.com/manage-my-account?hsLang=en#my-settings) - [Referral](https://support.veracash.com/manage-my-account?hsLang=en#referral) - [Update my account](https://support.veracash.com/manage-my-account?hsLang=en#update-my-account) - [Account closure](https://support.veracash.com/manage-my-account?hsLang=en#account-closure) - [EUR holding account](https://support.veracash.com/eur-holding-account?hsLang=en) - [Account security](https://support.veracash.com/account-security?hsLang=en) - [Learn more](https://support.veracash.com/learn-more?hsLang=en#main-content) - [Taxes](https://support.veracash.com/learn-more?hsLang=en#taxes) - [Youth account](https://support.veracash.com/learn-more?hsLang=en#youth-account) - [Business account](https://support.veracash.com/learn-more?hsLang=en#business-account) - [Custody of precious metals](https://support.veracash.com/learn-more?hsLang=en#custody-of-precious-metals) - [In case of crisis](https://support.veracash.com/learn-more?hsLang=en#in-case-of-crisis) - [Home](https://www.veracash.com/) - [About the company](https://www.veracash.com/about-us) [![Chill listening crop-3](https://support.veracash.com/hs-fs/hubfs/Logo%20Veracash%20Transactionnel.png?width=106&height=24&name=Logo%20Veracash%20Transactionnel.png "Chill listening crop-3")](http://www.veracash.com) Help Centre Copyright © 2026, VERACASH