Quote from: Juggy777 on January 02, 2018, 09:07:05 AM

Quote from: Supremeboye on January 02, 2018, 08:23:19 AM

"The Norwegian government stated in February 2017 that they would not levy VAT on the purchase or sale of bitcoin.[135]"

Hi, hope you guys are keen on helping me.I got that information from Wikipedia.

By" sale " does it mean selling your bitcoin for money would not be taxed or no need to inform the tax offfice? That sounds too good to be true.... I know you don't need to pay VAT for buying Bitcoins in Norway which is excellent for Bitcoin buyers in Norway . But how do you define " sale" selling and trading? anybody can help to explain it? Thanks in advance.

From what you posted I can understand is there is no tax on bitcoin in Norway and, if there no tax law or any kind of notification saying that there is tax, I don't think you should even worry about paying any kind of taxes. People buy Bitcoin because they choose not to pay taxes. So if you're buying and selling in cash you don't need to worry. Now if you're buying from a exchange that has your legal documents you could show it as a assect and pay tax on short or long term
However according to me there is no need to pay taxes.

ah ok. thank you so much. but people buy bitcoin because they dont want to pay tax? for real? i am a 100% noob on this. i started this like a week ago =)))
but it seems every one that is involved with bitcoin i came across are complaining about the tax from the bitcoin profits they make. again. im still learning. thank you

Supremeboye

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