Norway Tax Agency Clarifies VAT for Services Regarding Marketplace for Crowdfunding, Secondary Trading of Shares

The Norwegian Tax Administration April 2 posted online Tax Appeals Board Decision No. SKNS1-2025-7, clarifying the VAT treatment of services related to a marketplace for crowdfunding and for the secondary trading of shares. The taxpayer, an investment firm company, operated a marketplace for crowdfunding and for the secondary trading of shares. The taxpayer received an advisory opinion on the VAT treatment of services under a start-up agreement and an engagement agreement. The Tax Office deemed that the services under the start-up agreement were subject to VAT, while those under the engagement agreement were exempt intermediary services. The taxpayer appealed, arguing ...