- Silver coins will become more expensive in 2025 due to VAT changes
- Investments in gold and silver have been very profitable this year but changes in VAT regulations next year might alter this
- A new amendment to the law will be effective from 2025, taxing some transactions at full VAT instead of just the margin tax
- This change will affect most individual buyers who usually purchase coins, while companies often sell them under the VAT-margin system
- From next year, suppliers will not be able to use the special margin scheme for collectible items
- Tomasz Michalik, a tax advisor, explains that in 2025, the VAT-margin procedure can still be applied by sellers who have purchased or will purchase such goods in Poland or other EU countries from certain sellers, such as non-VAT taxpayers
- However, there is an additional issue due to incorrect implementation of an EU directive
- The revised regulations allow for the continued use of the VAT-margin procedure for collectibles, introducing only a limitation
- Despite the original draft by the Ministry of Finance also foreseeing this possibility, it was inexplicably removed during parliamentary proceedings without reason, which is problematic as correct implementation is not optional but mandatory for member states
Source: mddp.pl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
