Silver and differential taxation

Until 2013, silver investment products in this country were taxed at the reduced VAT rate. The tax advantage was abolished and differential taxation of silver coins from other EU countries became common practice. In 2022, the differential taxation of silver coins was then classified as unlawful, with the exception of collector silver coins. In 2023, silver coins were anything but sought-after in Germany. This is because the premium often amounted to around 40 percent, compared to only around four percent for gold coins. However, silver coins could now become more attractive. This is because the differential taxation for mint coins appears to be returning this year, both in Germany and in other EU countries.

The decisive factor is that the silver coins are imported via an EU country that has a lower import VAT rate than Germany. Poland, which has an eight percent tax compared to Germany (19 percent), would be particularly suitable here. Investors who want to buy silver coins should therefore keep a close eye on the price and follow developments. This new approach has not yet been approved by the tax authorities.

As about half of silver is an industrial metal, unlike gold, economic developments in the green energy and electromobility sectors in particular should lead to an increase in demand for silver. Buying silver bars or coins leads to storage costs and does not generate interest or dividends. In addition to gold companies, a well-stocked portfolio should also include silver companies, as this increases diversification. Companies that own gold and silver in their projects include Sierra Madre Gold and Silver and Vizsla Silver. 

Sierra Madre Gold and Silver - https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ - scores particularly well with its La Guitarra project in Mexico, the revitalization of a previously producing mine. 

Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - is developing its main project, the high-grade Panuco silver-gold project, also located in Mexico.

Current company information and press releases from Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-ltd/ -) and Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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