What taxes apply when buying back a watch?

When you buy a watch from a private individual, it is your client (the seller) who is liable for the flat-rate tax on precious objects. As a jeweler, it is important to clearly inform your client of their tax obligations at the time of the transaction.

The trigger threshold

The tax only applies if the buyback price of the watch is over €5,000. Below this threshold, no flat-rate tax is due from the seller.

The applicable rate

Above €5,000, the watch is classified in the category of jewelry and precious objects. The flat-rate tax amounts to:

• 6 % of the sale price
• + 0,5 % of CRDS (Contribution for the Repayment of Social Debt)
• That makes a total of 6,5 % of the sale amount

Example: for a watch resold for €8,000, the tax due will be 8,000 × 6.5 % = 520 €.

Who pays and within what timeframe?

The seller (your customer) is responsible for paying this tax. They must pay it. within one month of the transfer, via form no. 2091 available from the tax authorities.

Exemption cases

Certain sales are exempt from this tax, notably transfers made to public bodies such as museums or national libraries.

Jewely's role

Jewely automatically records the amount of each redemption. For any transaction exceeding €5,000, we recommend printing the redemption receipt and informing your client of their reporting obligation using form 2091.