The provision of 20% and a lot fee of EUR 2.00 per lot is levied on the knockdown price. Value added tax is levied on the provision and fees (brokerage service), rather than on the knockdown price. For buyers from EU countries, VAT is levied according to the Directives in force since 01/01/1993 in the _EU internal market of the VAT internal market legislation. The premium and lot fee for investment gold according to §25c UstG, which is marked with “ o “ after the lot number, is exempt from VAT. According to exceptions in the EC legislation, VAT does not apply to purchases from abroad which we send directly to non-EU countries. For dealers, a VAT registration number qualifying for VAT exemption must be communicated on submission of a bid. It is not possible to amend the invoice afterwards!