Private ruling: GST and bitcoin transactions
Date of advice: 7 September 2015
Published: September 2015

Ruling: The Commissioner has ruled on each of the following questions: | 1. Does the Entity make any taxable supply when third parties trade through the bitcoin exchange that it operates? | 2. Does the Entity make a taxable supply of bitcoin in the Bitcoin Withdrawal Transaction? | 3. Does the Entity make a taxable supply of bitcoin when it undertakes a Bitcoin Buy Transaction? | 4. Does the Entity make a taxable supply of bitcoin when it undertakes a Bitcoin Sell Transaction?