When you buy or sell investment gold, is the transaction VAT-exempt?

Yes. In accordance with the Finnish Tax Administration's in-depth guidance VH/2699/00.01.00/2025, the sale, brokerage, intra-Community acquisition, and importation of investment gold are VAT-exempt. The exemption for brokerage covers both sales and purchase brokerage. Also exempt is the sale and brokerage of contracts relating to the transfer of ownership or entitlement to investment gold. The exemption therefore also applies to, among other things, gold accounts, gold lending and exchange agreements, and futures and forward contracts relating to investment gold.

Our customers can deliver gold material which is converted into investment gold and deposited into the customer's Voima Account.