BULLION COINS. ANALYSIS ON LEGAL AND ECONIMIC CHARACTERISTICS
/WITH AN ACCENT ON THE BULGARIAN BULLION COINS/

Orlin Kolev

Scientific paper ID 761 : 2012/2

BULLION COINS. ANALYSIS ON LEGAL AND ECONIMIC CHARACTERISTICS /WITH AN ACCENT ON THE BULGARIAN BULLION COINS/

Orlin Kolev

Bullion coins are means of investment for material possession of assets in gold form. This type of products is an investment form mainly directed towards the inhabitants. One of the basic priorities of these investments is that they are exempted of Value added tax (VAT) in the European Union frames.

The article examines the types of bullion coins, their legal and economic characteristics in the European social aspect as well as in the national one. The author analyses the weak aspects of the legal European and national framework. It is considered in details the issuing and chopping of all Bulgarian gold coins. It is also compared the defined criteria of bullion coins to the Bulgarian ones.

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Инвестиционни златни монети инвестиционно злато аверс реверс гуртBullion coins investment gold avers revers gurtOrlin Kolev

BIBLIOGRAPHY

[1] 11 in the Regulations (EU) № 974/98 of the Union from the 3d of May 1998, about setting of euro coins, ON L 139, 11.05.1998, p.1

[2] Nocheva, Maria. Economics part II Macroeconomics, 3d reprint., Sofia, Todor Kableshkov University of Transport, 2009, p. 55, ISBN 978 – 954 – 12 - 0154 - 1

[3] OJ C 286, 28.11.2007, p. 47 – 61

[4] OJ C 306, 29.11.2008, p. 06 – 19

[5] OJ C 289, 28.11.2009, p. 12 – 25

[6] OJ C 322, 27.11.2010, p. 13 – 26

[7], Proposal for Regulations of the European Parliament and of the Council on the issue of Euro coins, 05.12.2011. 13.46h.

[8] Commission recommendation of the 22d of March 2010 about spreading and operation of the Euro banknotes and Euro coins as legal tender, OJ L 83, 30.03.2010, p. 70 – 71

[9] Item 4, paragraph 3, article 175, chapter 24 „Responsibilities of the Minister of finance” of the Value added tax Law.

[10] The joint order of the Minister of finance and the Governor of the Bulgarian National Bank, which defines “the investment gold” for the purposes of section 1, item 24, letter „B” 1 in the Additional Provisions of the Value added tax Act, 05.12.2011, 13.44 h http://bnb.bg/bnbweb/groups/public/document...