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VAT practical manual 2021.

Waiver of exemption

The transferor may waive this exemption when the following conditions apply:

  1. In case of investment gold deliveries:

    1. That the transferor is regularly engaged in the production of investment gold or the transformation of non-investment gold into investment gold.

    2. That the delivery in respect of which the exemption is waived concerns investment gold resulting from the activities mentioned in letter a) above.

    3. The buyer is a business or professional acting as such.

    The exemption waiver is carried out for each transaction carried out by the transferor, and must be communicated to the buyer in writing in advance, or at the time of the supply. Likewise, the purchaser must be notified in writing that the status of taxable person falls on the purchaser.

  2. In the case of mediation services on behalf of and for the account of in exempt transactions:

    1. The recipient of the service is a business or professional acting as such.

    2. The exemption corresponding with the supply of investment gold, which is the purpose of the mediation service, is waived.

    The exemption waiver is carried out for each transaction carried out by the service provider, which must be in possession of a document signed by the recipient of the service, declaring that the waiver has been applied in the supply of gold or the mediation service.