Ordinance
on Value Added Tax
(Value Added Tax Ordinance, VAT Ordinance)

(Art. 107 para. 2 VAT Act)

1 Ex­empt from the tax with cred­it are turnovers in:

a.

state min­ted gold coins with cus­toms tar­iff num­bers 7118.9010 and 9705.0000³⁴;

b.³⁵

gold for in­vest­ment pur­poses with a min­im­um fine­ness of 995 per mille, in the form of:

1.

cast bars bear­ing a fine­ness mark and the stamp of a re­cog­nised as­say­er-melt­er, or

2.

pressed bars bear­ing a fine­ness mark and the stamp of a re­cog­nised as­say­er-melt­er or a re­spons­ib­il­ity mark re­gistered on Swiss ter­rit­ory;

c.³⁶

gold in the form of gran­ules with a min­im­um fine­ness of 995 per mille, which have been packed and sealed by an ac­cred­ited as­say­er-melt­er;

d.

un­pro­cessed or semi-fin­ished gold that is destined for re­fin­ing or re­cov­ery;

e.

gold in the form of clip­pings and scrap.

2 Al­loys with two or more per cent by weight gold or, if plat­in­um is con­tained therein, with more gold than plat­in­um also con­sti­tute gold with­in the mean­ing of para­graph 1 let­ters d and e.