2017-04-09

Bitcoin Transactions Declared VAT-Exempt in Norway

On Monday, the Norwegian Ministry of Finance sent a letter to the country’s Tax Administration, asking them to reconsider their position regarding the Bitcoin VAT.
The letter refers to the EU’s judgment to exempt Bitcoin transactions from VAT obligation under the EU’s VAT Directive and urges the tax authority to follow the ECJ’s decision in their interpretation of VAT. The translated letter reads:
Following the letter by the Ministry of Finance on Wednesday, the Tax Administration changed its stance and ruled Bitcoin transactions VAT-exempt.





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