Buying gold in Switzerland without VAT
Understand the VAT exemption conditions for investment gold.
At a glanceSwitzerland applies a 7.7% VAT on most precious metals except for pure gold. The VAT Act (VATA) specifically exempts 'legal tender' and gold bars and coins with a purity of ≥ 995‰.
Eligible Forms (VAT-free): Bank bars (PAMP, Argor, Metalor), Swiss Vreneli, and listed foreign coins (Krugerrand, Maple Leaf, Eagle if ≥ 999‰), fine granules or sheet metal.
Not Eligible: Gold jewelry (even 18k or 24k), worked gold, collectable coins (numismatic), and medals. These products are subject to 7.7% VAT.
Investor Strategy: Buy through an authorized dealer like GoldAvenue (PAMP subsidiary, Geneva) or Degussa Zurich to benefit from the automatic exemption. Swiss online platforms generate the FOCT documentation included with every purchase.
Buy Investment Gold in Switzerland (VAT-Exempt)
Buy and store physical gold in secure Zurich or Geneva vaults at direct live LBMA spot rates.