Hello everyone.
activities and costume jewelry are an important part of global economic activity and have some special tax, especially VAT, which deserve careful study.
As for jewelry, usually made of precious metals and stones, retailers engaged in sale must apply the equivalence charge provided that they are individuals or legal allocation scheme income or retail marketing any product is not excluded from this scheme. However, there are certain exceptions, and among the most important is that which specifies that the surcharge equivalence does not apply in the case of sales of jewelry, jewelry and articles made of gold or platinum in part unless your content has a thickness less than 35 microns are or larger pieces for the so-called "Gold of investment." For example, if a trader sells us a gold men's watch with a thickness exceeding 35 microns, not apply the special charge of equivalence and whether the regime of VAT.
Similarly, the type gemstones diamond, ruby, sapphire and another is expressly excluded from application of the special arrangements of charge equivalence.
What is the penalty of equivalence? Well, no is more than a levy of VAT is determined by applying the tax base a particular type that is generally 4%, 1% for transactions in the VAT are taxed at 8% and 0.5% for those goods or services that are taxed at 4% VAT. Liquidation or for any amounts arising from the implementation of this surcharge is made jointly with the VAT.
As for antiques, art and collectibles , there are exceptions. Under the VAT Law, the special regime is applicable to resellers of the above mentioned articles provided they meet certain requirements, as they are tangible, having sustainable use or have been used previously by a third party, such as the sale of a pearl necklace for a retailer could fall within this regime used its status and the absence of platinum, gold or precious stones composition but instead the transmission of a bar of platinum jewelry by a third party, acquired before an individual can not enter this course to specifically exclude the acquisition of Platinum. On the other hand, to implement special arrangements need not only participate in reselling used goods but must have been originally acquired by a person who is not a businessman or professional status or businessmen and professionals entitled to exemption.
Another curiosity of these operations is that transactions where VAT applies, it is settled by the profit margin and not by global seller has received the operation . Thus, if a seller sells a sapphire for 4,000 euros previously cost him 2,500 euros, it is assumed that the benefit of 1,500 euros, so you get the "tax base" of 1,500, ie 1,271 euros and above that amount be settled on 18%.
still there are some exceptions, some of them important and affects mostly jewelry, tapestries and engravings but I hope I have helped some jewelers do not lose your head ... they have enough problems ...
Greetings!
www.NLSasesores.com
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