Figures from last year's tax assessment show that more and more Norwegians state that they own cryptocurrency. At the same time, there are large numbers of darkness. The tax administration has identified possible crypto owners, and is trying to “fool” them into reporting crypto in their tax return.
According to the Swedish Tax Administration, dulting or nudging are auxiliary texts that should help make it as easy as possible for everyone to get what they are supposed to in the tax return.
Figures from the Swedish Tax Agency show that in 2023 there were 54,000 people who reported in their tax return that they owned cryptocurrency. That was a whopping 12 percent increase from the previous year, when 48,000 stated that they owned cryptocurrency.
“Although we are seeing positive developments, we know that there are far more people who own cryptocurrency than those who report it in their tax returns. This year, therefore, we are stepping up our efforts with several initiatives aimed at crypto owners,” says Tax Director Nina Schanke Funnemark.
In the tax return for 2024, which is being sent out now, the Swedish Tax Administration gives people they believe may own virtual assets a so-called dult -- a reminder to report their values.
It's no coincidence who gets these things. We have used information from a number of different sources to identify those who receive such reminders in their tax return. Among other things, we have received information through various agreements with other countries and we use other knowledge that we already have,” explains Schanke Funnemark.
“We want those who receive these dults to be made aware that this is something they need to investigate further,” the tax director said.
Cryptocurrency is not tax-free, and what you own at year-end must be reported in your tax return. Gains are taxable, while losses provide a deductible.
“Many people have small values and may not think it is necessary to include this in the tax return, but all values must be reported, regardless of the amount,” says Schanke Funnemark.
Figures from the Tax Administration show that most crypto owners live in the largest cities, which is not unnatural from population figures. Also adjusted for the population count, far more people in Oslo report that they own crypto. Around 16 out of 1,000 Oslo residents have reported owning crypto, which is far above the national average.
On the crypto top we find the largest municipalities in Norway:
From 2026, operators offering exchange and storage of cryptocurrency may be required to report information to the Swedish Tax Administration through so-called third-party reporting.
The Ministry of Finance has submitted a proposal for consultation that Norwegian service providers should provide information on both Norwegian and foreign taxpayers.
“With this development, we will have a much better overview of who owns crypto assets, both in Norway and abroad. This is an important step towards more correct taxation of digital assets,” says Schanke Funnemark.
You must self-report cryptocurrency in your tax return.
In the tax return there is a separate field where cryptocurrency should be listed. If you have sold at a loss, you can get a deduction. Remember that at the request of the Tax Administration, you must be able to document both the purchase price (input value) and the sale price (output value).
It's important to report the overall result of all transactions (gains/losses) — not just how much cryptocurrency you own.
For three years after the filing deadline, you can change your data and resubmit your tax return.
On skatetaten.no/virtual currency you will find guidance on how to determine the value, report and document the gains, losses, dividends and wealth of cryptocurrency.
In the spring of 2021, the Swedish Tax Administration launched an interactive tax reporting solution for all personal taxpayers. One of the most important features of the new solution is that the Tax Administration has the ability to guide taxpayers with assistance texts while filling out their tax return. The help texts are based on what is known in behavioural economics as dulting or nudging, and should help make it as easy as possible for everyone to get what they are supposed to in the tax return.
The dulting in the tax return is a form of guidance and not a requirement for the taxpayer to fill in the tax return in a certain way.
Instead, in the same way as placing fruit at eye level in the shop, it is about drawing attention to matters in the tax notice that it is most likely important that the taxpayer looks into. The dulting takes place in the form of text boxes inside the tax notice itself.
It may be, for example, that the person has entered an amount that seems unnaturally high or low, that he or she may be entitled to a deduction, or that there is information we may need to obtain from the taxpayer. Then it is resource-saving for both the Tax Administration and the taxpayer himself that this becomes correct immediately, rather than having to rectify it afterwards.
The purpose of the dulting is to help taxpayers while filling out their tax return, in that they get the information they need for the tax return to be correct from the start.
The guidance is tailored to the individual, as the dulls are triggered either by something the person does in the tax return, or by information the Tax Administration has about the person concerned from before. If taxpayers fill in correctly right away, there will be fewer checks the Tax Administration will have to check, and taxpayers can get their tax settlement earlier.
The figures released by the Danish Tax Administration are in line with what Kaupr reported in December. But the new thing is that the Tax Administration also tells about which cities have the most reporting crypto owners.
Figures from last year's tax assessment show that more and more Norwegians state that they own cryptocurrency. At the same time, there are large numbers of darkness. The tax administration has identified possible crypto owners, and is trying to “fool” them into reporting crypto in their tax return.
According to the Swedish Tax Administration, dulting or nudging are auxiliary texts that should help make it as easy as possible for everyone to get what they are supposed to in the tax return.
Figures from the Swedish Tax Agency show that in 2023 there were 54,000 people who reported in their tax return that they owned cryptocurrency. That was a whopping 12 percent increase from the previous year, when 48,000 stated that they owned cryptocurrency.
“Although we are seeing positive developments, we know that there are far more people who own cryptocurrency than those who report it in their tax returns. This year, therefore, we are stepping up our efforts with several initiatives aimed at crypto owners,” says Tax Director Nina Schanke Funnemark.
In the tax return for 2024, which is being sent out now, the Swedish Tax Administration gives people they believe may own virtual assets a so-called dult -- a reminder to report their values.
It's no coincidence who gets these things. We have used information from a number of different sources to identify those who receive such reminders in their tax return. Among other things, we have received information through various agreements with other countries and we use other knowledge that we already have,” explains Schanke Funnemark.
“We want those who receive these dults to be made aware that this is something they need to investigate further,” the tax director said.
Cryptocurrency is not tax-free, and what you own at year-end must be reported in your tax return. Gains are taxable, while losses provide a deductible.
“Many people have small values and may not think it is necessary to include this in the tax return, but all values must be reported, regardless of the amount,” says Schanke Funnemark.
Figures from the Tax Administration show that most crypto owners live in the largest cities, which is not unnatural from population figures. Also adjusted for the population count, far more people in Oslo report that they own crypto. Around 16 out of 1,000 Oslo residents have reported owning crypto, which is far above the national average.
On the crypto top we find the largest municipalities in Norway:
From 2026, operators offering exchange and storage of cryptocurrency may be required to report information to the Swedish Tax Administration through so-called third-party reporting.
The Ministry of Finance has submitted a proposal for consultation that Norwegian service providers should provide information on both Norwegian and foreign taxpayers.
“With this development, we will have a much better overview of who owns crypto assets, both in Norway and abroad. This is an important step towards more correct taxation of digital assets,” says Schanke Funnemark.
You must self-report cryptocurrency in your tax return.
In the tax return there is a separate field where cryptocurrency should be listed. If you have sold at a loss, you can get a deduction. Remember that at the request of the Tax Administration, you must be able to document both the purchase price (input value) and the sale price (output value).
It's important to report the overall result of all transactions (gains/losses) — not just how much cryptocurrency you own.
For three years after the filing deadline, you can change your data and resubmit your tax return.
On skatetaten.no/virtual currency you will find guidance on how to determine the value, report and document the gains, losses, dividends and wealth of cryptocurrency.
In the spring of 2021, the Swedish Tax Administration launched an interactive tax reporting solution for all personal taxpayers. One of the most important features of the new solution is that the Tax Administration has the ability to guide taxpayers with assistance texts while filling out their tax return. The help texts are based on what is known in behavioural economics as dulting or nudging, and should help make it as easy as possible for everyone to get what they are supposed to in the tax return.
The dulting in the tax return is a form of guidance and not a requirement for the taxpayer to fill in the tax return in a certain way.
Instead, in the same way as placing fruit at eye level in the shop, it is about drawing attention to matters in the tax notice that it is most likely important that the taxpayer looks into. The dulting takes place in the form of text boxes inside the tax notice itself.
It may be, for example, that the person has entered an amount that seems unnaturally high or low, that he or she may be entitled to a deduction, or that there is information we may need to obtain from the taxpayer. Then it is resource-saving for both the Tax Administration and the taxpayer himself that this becomes correct immediately, rather than having to rectify it afterwards.
The purpose of the dulting is to help taxpayers while filling out their tax return, in that they get the information they need for the tax return to be correct from the start.
The guidance is tailored to the individual, as the dulls are triggered either by something the person does in the tax return, or by information the Tax Administration has about the person concerned from before. If taxpayers fill in correctly right away, there will be fewer checks the Tax Administration will have to check, and taxpayers can get their tax settlement earlier.
The figures released by the Danish Tax Administration are in line with what Kaupr reported in December. But the new thing is that the Tax Administration also tells about which cities have the most reporting crypto owners.
