The tax agency wants to bring in more crypto expertise by recruiting four new employees. In a video interview with Kaupr, Marius Johansen, Head of Cryptocurrency at Skatteetaten, says that information is still an important measure to get more Norwegians to disclose their crypto holdings in the tax return. “Our goal is to make it easy to do it right,” says Johansen about the Tax Administration's requirements for crypto reporting, for the benefit of both the Tax Administration, society and the individual tax authorities ter.
In the latest figures from the tax settlement for 2022, there are well over 48,000 Norwegians who state that they own cryptocurrency. This is still significantly below the figures that surveys from K33 and EY indicate, which show that 420,000 Norwegians owned cryptocurrencies in 2021 and 345,000 in 2022, a number that is likely to increase again in 2023, based on developments in the crypto markets.
Johansen is honest that the Tax Administration believes that compliance is too low, but is nevertheless satisfied that more and more Norwegians are showing a willingness to comply with the tax rules. He also expects a further increase when the figures for the 2023 tax return will be available.
Increased information is still the Tax Agency's most important tool, while it also has its own tools such as control, additional fees and, ultimately, police notification.
Johansen also confirms that the Tax Administration's long-term dream is automatic pre-filling of tax returns, also in the case of cryptocurrencies, but realizes that it will probably be possible in many years at the earliest, and will depend on coordination at an international level.
We also talk to Johansen about MiCA and about taxing own crypto or crypto-related products such as NFTs, stablecoins, ETFs, tokenization of Real World Assets.
Of course, we also ask why the Swedish Tax Administration, together with Brønnøysund Registrene, used public funds to lease a plot of land in the metaverse platform Decentraland.
You can watch the full interview with Marius Johansen below:
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The tax agency wants to bring in more crypto expertise by recruiting four new employees. In a video interview with Kaupr, Marius Johansen, Head of Cryptocurrency at Skatteetaten, says that information is still an important measure to get more Norwegians to disclose their crypto holdings in the tax return. “Our goal is to make it easy to do it right,” says Johansen about the Tax Administration's requirements for crypto reporting, for the benefit of both the Tax Administration, society and the individual tax authorities ter.
In the latest figures from the tax settlement for 2022, there are well over 48,000 Norwegians who state that they own cryptocurrency. This is still significantly below the figures that surveys from K33 and EY indicate, which show that 420,000 Norwegians owned cryptocurrencies in 2021 and 345,000 in 2022, a number that is likely to increase again in 2023, based on developments in the crypto markets.
Johansen is honest that the Tax Administration believes that compliance is too low, but is nevertheless satisfied that more and more Norwegians are showing a willingness to comply with the tax rules. He also expects a further increase when the figures for the 2023 tax return will be available.
Increased information is still the Tax Agency's most important tool, while it also has its own tools such as control, additional fees and, ultimately, police notification.
Johansen also confirms that the Tax Administration's long-term dream is automatic pre-filling of tax returns, also in the case of cryptocurrencies, but realizes that it will probably be possible in many years at the earliest, and will depend on coordination at an international level.
We also talk to Johansen about MiCA and about taxing own crypto or crypto-related products such as NFTs, stablecoins, ETFs, tokenization of Real World Assets.
Of course, we also ask why the Swedish Tax Administration, together with Brønnøysund Registrene, used public funds to lease a plot of land in the metaverse platform Decentraland.
You can watch the full interview with Marius Johansen below:
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