Buying Gold and Silver in Niue

Flag of NiueNiue is an island country which lies in the South Pacific Ocean. At its northeast is New Zealand, Tonga to the east, Samoa to the south, and Cook Island to the west. Niue is a self-governing country and is in free association with New Zealand. Her Majesty Queen Elizabeth II is the head of the state. The predominant population of Niue is Polynesian. The island is worldwide famous as “The Rock” or “Rock of Polynesia.” The village of Alofi is the capital of Niue. 

The economy of Niue heavily relies on the New Zealand's aid. The governmental expenditures often exceed revenues, and therefore the aid from New Zealand significantly contributes to covering up the shortfall. The other contributors to the economy are cash crops grown for export. There are also small scale industries in Niue, like factories processing passion fruits, lime oil, honey, and coconut cream. Another prevailing industry is the sales of postage stamps to foreign collectors. Niue is also making efforts to improve tourism to gain more revenue from this sector. The sale of internet domain names in the recent years has earned some revenue to this island's nation, too. These domains are very popular in Scandinavia, Belgium, and Netherlands.

The New Zealand Mint is the one that produces collector and bullion coins under Niue legal tender, such as these highly popular New Zealand silver coins.

Tax on Precious Metals in Niue:

The Value Added Tax, known as the Consumption Tax in Niue, is 12.5% on goods and services. However, in Niue, there is a tax exemption for .995 fine gold (in any form), .999 fine silver (in any form), and .990 fine platinum (in any form).

Source: www.gov.nu

Since we are not tax experts, Bullion Exchanges strongly advises you to cross check with a tax professional before making any precious metals investments in Niue.