Norwegian Miners in Crosshairs As Local Authorities Suggest They Are Not Paying Enough Taxes

  • Alex Dovbnya
    📰 News

    Along with South Africa, Norway faces difficulties with collecting taxes from crypto-related activities. The country’s authorities have become increasingly concerned


Norwegian Miners in Crosshairs As Local Authorities Suggest They Are Not Paying Enough Taxes

Along with South Africa, Norway faces difficulties with collecting taxes from crypto-related activities. The country’s authorities have become increasingly concerned about the fact that cryptocurrency miners may not be paying enough in taxes.

There is no special tax treatment for miners in Norway, they usually return less than five percent of their earnings, which is significantly less than other regulated industries in the country. As the local media outlet Dagens.dk reports, two miners who have recently reported more than $218,000 worth of earnings, only paid less than $9,000 in taxes.   

A recent survey conducted by Norstat shows that as many as 200,000 Norwegians own Bitcoin.

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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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