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Edited version of your written advice
Authorisation Number: 1012871183452
Date of advice: 7 September 2015
Ruling
Subject: GST and bitcoin transactions
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?