Tax (VAT) Information

19% Value Added Tax (VAT) on commissions and expenses (not on the hammer price) will be invoiced to all domestic buyers and all buyers from EU countries without EU VAT-ID number.

Supplies to non-EU-Member States are exempted from VAT on commission and expenses with presentation of relevant export documents.

Supplies to EU customers outside Germany holding an EU VAT-ID underly the „Reverse Charge-System“, i.e. for commissions and expenses the German VAT does not apply; the buyer is obliged to include the respective VAT in his/her VAT declaration in his/her home country.

For lots marked with a circle (°) next to the lot number an additional 19% VAT on the hammer price will be charged.  This charge does not apply to dealers outside Germany and within the European Union with a turnover tax identification number.

Nor does this tax apply to buyers outside the European Union.  In these cases we must prove the export of the material.

For lots marked with a dot (•) next to the lot number 7% import charges (not tax, non deductible) will be charged to all buyers within the European Union.  Buyers outside the European Union will not be billed these import charges, provided export of the lots is proven.

IMPORTANT INFORMATION FOR DEALERS

All lots without a circle (°) can be integrated into the VAT margin scheme. This also relates to the lots with a dot (•).

The VAT on the commission and expenses can possibly be subject to refund by the German tax authorities. For further information please consult your tax advisor.