Collectors’ coins: VAT at 5 per cent applies
The supply of the goods in their packaging is subject to the preferential tax treatment
Key points
Collectors’ coins are comparable to works of art and collectables and, therefore, it is possible to apply 5 per cent VAT to the sale. However, they must be supplied in dedicated packaging, as the coin itself and its packaging are regarded as a single product intended for the collectors’ market. It remains the case, however, that the application of VAT rules must be assessed on a case-by-case basis in relation to the specific characteristics of the particular circumstances. This is the response provided by the Chamber of Deputies’ Finance Committee to a question tabled by Giulio Centemero (Lega) regarding the tax treatment of collector’s coins.
5% rate
The parliamentary question notes that Article 9 of Decree-Law 95/2025 introduced a 5 per cent rate for the supply and import of works of art, antiques and collectables, specifying that this also includes collections and individual items within collections. The risk was that collector’s coins and their packaging might be subject to two different sets of rules. The response, however, confirms that the 5 per cent rate also applies to packaging that preserves the coin’s value.
