Norwegian Tax Appeals Board Clarifies VAT Exemption for Crowdfunding and Share Trading Services

• The Norwegian Tax Administration clarified VAT treatment for crowdfunding and secondary share trading services.
• The taxpayer operated a marketplace for these services.
• An advisory opinion was received on VAT treatment under two agreements.
• The Tax Office ruled services under the start-up agreement were subject to VAT.
• Services under the engagement agreement were deemed exempt intermediary services.
• The taxpayer appealed, claiming services should be taxable administrative services.
• The Tax Appeals Board dismissed the appeal.
• The Board found services related to arranging share issues are exempt financial services.
• Services for secondary share trading are also considered exempt financial services.

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.