Norway cryptocurrency tax

When dealing with Norway cryptocurrency tax, the set of rules that tell you how to report crypto profits, mining rewards, staking yields and DeFi earnings in Norway. Also called Norwegian crypto tax, it falls under the broader cryptocurrency tax framework overseen by Skatteetaten, the Norwegian Tax Administration. The capital gains tax rate of 22% applies to net crypto gains after deducting permissible losses. Understanding these three entities—Norway cryptocurrency tax, cryptocurrency tax rules, and Skatteetaten—helps you stay compliant and avoid costly penalties.

Key concepts you need to know

First, every crypto transaction that results in a profit is a taxable event. Whether you sold Bitcoin for fiat, swapped Ethereum for an NFT, or withdrew staking rewards, you must calculate the gain or loss in Norwegian kroner using the exchange rate on the day of the transaction. Second, mining and staking are treated as ordinary income, so the market value of the coins at the moment they are received is added to your taxable income. Third, DeFi activities such as liquidity provision or yield farming generate both capital gains (when you later sell the LP tokens) and ordinary income (from reward tokens). Skatteetaten provides a specific form—RF‑1209—for reporting crypto, but many users prefer a spreadsheet to track each event, total gains, and deductible costs. The more precise your records, the easier it is to fill out the form and answer any audit questions.

Finally, the tax regime distinguishes between residents and non‑residents. Residents are taxed on worldwide crypto income, while non‑residents only on Norway‑sourced transactions, such as sales made on a Norwegian exchange. If you hold crypto in a foreign wallet, you still report it, but you can claim foreign tax credits if you’ve already paid taxes elsewhere. Reporting deadlines align with the regular income‑tax filing schedule—typically April 30 for the previous calendar year. Missing the deadline triggers a late‑filing penalty of up to 10 % of the tax due. Below you’ll find articles that walk through exchange reviews, airdrop handling, and DeFi concepts, all of which tie back to the tax rules explained here. Explore the collection to see how each topic impacts your Norway cryptocurrency tax obligations.