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Norway bitcoin VAT exempt

  • VAT
  • 12 February 2017 | Richard Asquith

Norway bitcoin VAT exempt

Norway’s Tax Administration has reversed its position on taxing bitcoin sales by making it VAT exempt.  The move brings it into line with the European Union which made the trading of digital currencies exempt from Value Added Tax last year following a European Court of Justice ruling.

In 2013, Norway had made crypto-currency trading subject to VAT as a tradable asset or commodity.  Several EU countries had followed this path initially, but subsequently reclassified digital currencies as private money, VAT free as a financial service.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.