Is VAT Incurred during the Recycling Process Involving Precious Metal Weight Accounts? – A German Perspective

In this article the authors examine precious metal weight accounts in the context of German VAT Law. Such a topic is highly relevant to the framework of transactions involving precious metals, yet it is often overlooked in existing literature due to the lack of specific provisions. In Germany, the only source of guidance is a letter from the Federal Ministry of Finance. In the article, two scenarios are analysed, one within Germany and one involving an intra-Community transaction.