The Italian gold regulation: the ownership of investment gold, gold bar and coins and the buy and selling of these items are regulated by the Law 7 of 17 January 2000 which adapts the Italian legislation to the European standard, allowing the
purchase and sale of investment gold exempt from VAT.
The VAT exemption is provided if savers and investors purchase through “Professional Gold Operators” authorised and registered in the
Register drawn up, and controlled, by the Italian National banking institute.
In July 2012 Gioielli di Valenza Spa obtained the enrolment in the Register of Professional Operators in Gold No 5 005 343.