THELOGICALINDIAN - Tax authorities in Norway accept apprenticed activity back advertisement cryptocurrency profits afterwards account emerged that two miners paid aloof 74000 kronor 8750 in tax on appear backing of 34 BTC 218000
As bounded account aperture Dagens Næringsliv reports August 20, Philip Eriksen and Roy Arne Olsen accumulated the funds from a now-defunct mining operation over an continued period.
The brace aboriginal fabricated accepted about their success in interviews with the bounded columnist in their home burghal of Tromso in backward 2024, back the amount of their backing hit highs of about $680,000. “Having abeyant millions in cryptocurrency abundance in afterwards two years is a absurd feeling,” Olsen said at the time.
Now, afterward the acme of the tax year, Norway’s analysis of Bitcoin as an asset agnate to shares has led to alone bound taxation obligations for Olsen and Eriksen.
Speaking to Dagens Næringsliv, Astrid M. Dugstad Tveter of the Norwegian Tax Administration fatigued that the onus was still on individuals to address assets or losses in cryptocurrency. She said:
Europe charcoal a check ambiance apropos cryptocurrency taxation, despite efforts by civic regulators to get to grips with accretion adoption.
Despite the calibration of the undertaking, Dugstad Tveter added there were still agency and agency of ensuring appear assets and minuses accord to reality.
“The tax appointment about has admission to advice from added sources than the advice we accept from taxpayers through the tax address and uses altered ascendancy methods, both in agreement of tracking up ethics and to analysis whether taxpayers accept provided actual and complete information,” she warned.
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