VATcodexEU VAT case law · Court of Justice and General Court

Article 344 Directive 2006/112/EC

Special scheme for investment gold

Title XII · Special schemes › Chapter 5 · Special scheme for investment gold › Section 1 · General provisions

Open in the compendium3 cases ↓

Text of Article 344

1.For the purposes of this Directive, and without prejudice to other Community provisions, ‘investment gold’ shall mean:

(1)gold, in the form of a bar or a wafer of weights accepted by the bullion markets, of a purity equal to or greater than 995 thousandths, whether or not represented by securities;

(2)gold coins of a purity equal to or greater than 900 thousandths and minted after 1800, which are or have been legal tender in the country of origin, and are normally sold at a price which does not exceed the open market value of the gold contained in the coins by more than 80 %.

2.Member States may exclude from this special scheme small bars or wafers of a weight of 1 g or less.

3.For the purposes of this Directive, the coins referred to in point (2) of paragraph 1 shall not be regarded as sold for numismatic interest.

Consolidated version on EUR-Lex (CELEX 02006L0112-20250414). © European Union. Only the Official Journal is authentic.

Case law on Article 344: 3 cases

Judgments, orders and Advocate General opinions of the Court of Justice and the General Court that cite Article 344 of Directive 2006/112/EC, most recent first.

  1. C-154/17 E LATS Opinion · 10 April 2018 · Latvia
  2. C-550/14 Envirotec Denmark Opinion · 17 December 2015 · Denmark · cites Article 344(1)(1)
  3. C-264/14 Hedqvist Opinion · 16 July 2015 · Sweden · cites Article 344(1)

VAT Committee guidelines on Article 344: 2

Not binding. Positions agreed in the VAT Committee set up under Article 398 of Directive 2006/112/EC and published by the Commission.