Question

Which of Voima's fees include VAT?

Answer

Only the safe account fee. The other fees are VAT-exempt.

The gold related to Voima's fees is investment grade and is thus exempt due to EU and Finnish legislation. The exemption of other metal fees is due to the VAT warehouse status that has been granted to Voima by the Finnish Tax Administration.

Related questions

  • Why do I need to take a picture of my face and ID?

    This is a security measure intended to ensure that it is indeed you who is opening the account, and not someone who has happened to come across your ID.

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  • Does Voima submit the Customer's tax information to the Finnish Tax Administration if the Customer so requests?

    No. Voima submits information to the Finnish Tax Administration only in accordance with the legal requirements. Thus, no information is submitted automatically or by Customers' requests. Rather, the person liable to pay taxes is responsible for submitting their own information to the tax authorities.

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  • Am I liable to pay tax for any capital gains when I sell my gold?

    Yes, if you are liable to pay taxes in Finland. In other cases, you should consult your local tax authorities for the answer.

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  • Why do I need to identify myself in the account opening process?

    For security reasons. The identification increases the security of Voima's services and enables Voima to provide and develop more services in the future. It responds to growing regulatory requirements, such as the prevention of terrorist financing and money laundering. The identification also makes it easier to add account-related services, such as business accounts.

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  • What does it mean that I own my gold fully?

    It means that you are the legal owner of the gold you have acquired through Voima's service and that the gold is not on Voima's balance sheet.

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  • Can you get gold anonymously?

    No. Voima requires that each Customer is identified in order to ensure the provision of safe services and to comply with AML/CFT legislation.

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  • Can Voima give me tax advice?

    No. Voima does not provide tax advice. For up-to-date information regarding tax matters, please consult your local tax authorities.

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  • Can Voima give me investment advice?

    No. Unfortunately, Voima does not give investment advice to anyone.

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  • How can I delete my personal data?

    Send a request to Voima's Data Protection Officer either by email at dpo@voimagold.com or by sending mail to the following address:

    Voima Gold Ltd. / Data Protection Officer
    Bulevardi 5
    00120
    Helsinki
    Finland

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