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Title: Norway Will Tax Bitcoin + VAT Post by: Wilikon on November 21, 2013, 08:47:33 PM http://e24.no/digital/handler-du-bitcoins-maa-du-ut-med-skatt-og-moms/22639792
(google translate): http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fe24.no%2Fdigital%2Fhandler-du-bitcoins-maa-du-ut-med-skatt-og-moms%2F22639792&act=url Tax Administration has decided: If you buy Bitcoins must with both tax and VAT Tax Administration has decided that Bitcoins is neither a currency or a financial service. It will turn right into your tax return if you have shopped with online currency. ======================================================== Norway: "All Your Bitcoins are Belong To Us!" Was posted on politics and society first but. Title: Re: Norway Will Tax Bitcoin + VAT Post by: BadBitcoin (James Sutton) on November 21, 2013, 08:49:00 PM so the trick is, to never convert back into krone in any large quantities.
Title: Re: Norway Will Tax Bitcoin + VAT Post by: Wilikon on November 21, 2013, 09:03:03 PM so the trick is, to never convert back into krone in any large quantities. I would believe it is the "trick" all of us in all countries should do, but I guess people are free to go "back"... Title: Re: Norway Will Tax Bitcoin + VAT Post by: tutkarz on November 21, 2013, 09:13:07 PM it is problem for Norwegian exchanges (if there are any) I guess because how they are going to check that overseas or even at localbitcoins.
Anyway I think it's really stupid idea to put VAT on bitcoin because you are not paying VAT for items already in circulation (eg. used) except for mining. Title: Re: Norway Will Tax Bitcoin + VAT Post by: blastbob on November 22, 2013, 09:18:45 AM Problem is that they dont understand what it is, and they give a answer on the laws/rules they have.
It will take a while before they change anything. As usual :) First you need the Financial department to declare bitcoin as currency. Then you can maybe get some changes on the Tax part. Title: Re: Norway Will Tax Bitcoin + VAT Post by: PenAndPaper on November 22, 2013, 09:35:24 AM So if i 'm getting it right they decided that if you have gains in fiat from selling bitcoins that gain is taxable.
Isn't that something to be expected? Title: Re: Norway Will Tax Bitcoin + VAT Post by: blastbob on November 22, 2013, 09:39:45 AM So if i 'm getting it right they decided that if you have gains in fiat from selling bitcoins that gain is taxable. Isn't that something to be expected? It is.. But if i want to buy Bitcoins in norway I have to pay 25% on the going rate. If i move these coins to an exchange in some country, i do not get the 25% tax back. There is a reason why someone smuggling gold into norway.. They get 25% more than the going rate. http://www.aftenposten.no/nyheter/iriks/Politiet-Nettverk-smuglet-over-500-kilo-gull-inn-i-landet-7141130.html ( use google translate ) Title: Re: Norway Will Tax Bitcoin + VAT Post by: bryant.coleman on December 04, 2013, 04:02:53 AM Recently there was news about some Norwegian guy buying a flat with his "rediscovered" bitcoins.
Here: http://www.theguardian.com/technology/2013/oct/29/bitcoin-forgotten-currency-norway-oslo-home So.. did he paid any tax? Title: Re: Norway Will Tax Bitcoin + VAT Post by: beetcoin on December 04, 2013, 06:11:30 AM Recently there was news about some Norwegian guy buying a flat with his "rediscovered" bitcoins. Here: http://www.theguardian.com/technology/2013/oct/29/bitcoin-forgotten-currency-norway-oslo-home So.. did he paid any tax? maybe he sold his bitcoins before norway made a verdict, and so the statute of limitations apply to him? |