Regulatory overview of the taxation of investment gold
We recommend that you always discuss the tax aspects in more detail with your trusted advisor
Tax treatment of buying and selling investment gold
Effective January 1, 2024, the Budget Law 2024 introduced major changes in the tax treatment of transactions involving the buying and selling of investment gold.
- Taxation on realized gains: capital gains from the sale of investment gold are subject to a 26% tax.
- Absence of purchase documentation: if no documentation is available to prove the purchase price (e.g., invoice), 26% taxation is now applied on the full amount received. 📌 New 2024: Previously the capital gain was determined on a flat rate of 25% of the consideration received, now it is calculated on the full disposal value.
Normative references
- Legislative Decree 344/2003, art. 67 and 68
- Decree Law 66/2014, art. 3.
- Budget Law 2024, Art. 1, paragraph 92(c)
- Revenue Agency Resolution No. 375/E of 2002
Important Note: The information provided is summarized as much as possible to simplify reading. For the correct calculation of taxes to be paid, and for any further compliance, you should always consult your tax advisor of choice.
