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    • UK Based Global VAT and Tax Compliance Consultants
    14
    Feb

    Norway Bitcoin VAT Exempt


    Norway’s Tax office has reversed its decision on taxing bitcoin sales by making it VAT exempt. The move brings it into line with the EU 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 have followed in their path initially, but since reclassified digital currencies as private money, “”VAT free”” as a financial service.


    Essentia Global Services – European / International / Global vat tax compliance consultants and management agents.
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    We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.