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Guide for Individuals and Dealers (as of 13 April 2025)
| Country | Currency | GST/VAT on Investment Gold | For Gold Dealers / Pawn Shops | Notes |
|---|---|---|---|---|
| Australia | AUD ($) | 0% GST (bullion ≥99.5%) | Dealers charge 0% GST on investment-grade gold; 10% on non-investment gold (e.g. jewelry). | Second-hand goods (jewelry) may be treated under margin scheme. |
| United States | USD ($) | Varies by state | Dealers follow state rules; many allow exemptions for investment gold. | States like Texas, Florida exempt bullion; others do not. |
| European Union | EUR (€) | 0% VAT | Dealers do not charge VAT on bullion; may charge on jewelry. | Applies in most EU nations (e.g. Germany, France, Spain). |
| United Kingdom | GBP (£) | 0% VAT on bullion | Dealers don't charge VAT on gold bars/coins, but 20% VAT on jewelry. | Second-hand margin scheme can apply. |
| Japan | JPY (¥) | 10% Consumption Tax | Dealers must charge 10% on all gold, even bullion. | No tax exemption on investment-grade bullion. |
| China | CNY (¥) | 13% VAT | Dealers must charge full VAT, even on bullion. | One of the highest gold VAT rates globally. |
| India | INR (₹) | 3% GST on gold + 5% on making charges | Dealers charge 3% GST + 5% on making; second-hand gold is also taxed. | Margin scheme only applies under specific conditions. |
| Canada | CAD ($) | 0% GST/HST on bullion | Dealers don't charge tax on gold ≥99.5%; taxed if below. | Jewelry sales attract full GST/HST. |
| Switzerland | CHF (₣) | 0% VAT | Dealers don't charge VAT on bullion; VAT applies on jewelry. | Commonly used for gold trading due to favorable tax status. |
| New Zealand | NZD ($) | 15% GST on all gold | Dealers must charge 15% GST on all sales, including bullion. | No exemption for investment-grade gold. |