Quote from: bitfair on August 15, 2013, 01:51:44 PM

Last question, I promise: are bitcoins liable for sales tax in Norway?

Most things are liable for sales tax in Norway, even gold (e.g. smuggling gold into Norway is big business - the street-price of gold is 25% above everywhere else). Are bitcoins exempt, and do you have any definite official confirmation stating so or do you have good lawyers advising you that it is exempt (with a reference to a specific law/paragraph that obviously applies)?

Hi Bitfair,

We are committed to do everything according to law and regulation, which includes accounting and tax law. Our accountant is in dialogue with the tax authorities in Norway. We are also working with a lawyer for advice on how to deal with the uncertainty in regulations.

Even if bitcoins were liable to sales tax in Norway, we do not sell bitcoins. We are an exchange. A more relevant question for us would be whether our commission is tax liable or not.

Klaus
CEO