ConCourt slams door on zero Vat for second-hand gold

The Constitutional Court's decision to uphold the standard 15% VAT on second-hand gold has effectively closed a long-standing loophole that allowed buyers to avoid tax altogether. This ruling impacts a significant market segment and could lead to increased revenue for the government. With this change, buyers and sellers of second-hand gold will now face the same tax obligations as those in other retail sectors, which could also influence market dynamics and consumer behavior in the precious metals industry.