Skatteetaten reported that Norwegians declared crypto assets worth around 34 billion NOK for the 2024 income year, with some sources citing 34.7 billion NOK. Trondheim has 4,008 reported crypto owners, making it the third largest municipality after Oslo (16,330) and Bergen (5,284).
New rules require crypto exchange and custody providers to report information directly to tax authorities annually. Additionally, an agreement will allow Skatteetaten to receive information from foreign actors about crypto transactions during the year.
It is positive that more and more people are reporting crypto values and contributing to correct taxation.
Many people either misunderstand the rules, deliberately fail to comply, or are unaware that they must report crypto in their tax return, Skatteetaten said. Crypto owners are largely concentrated in the largest cities, both in absolute numbers and adjusted for population.
Odd Woxholt, divisjonsdirektør i Skatteetaten, said: "It is positive that more and more people are reporting crypto values and contributing to correct taxation." Nina Schanke Funnemark, skattedirektør, added: "For those who own crypto but do not report it in their tax return, this means the risk of being discovered increases significantly."
For those who own crypto but do not report it in their tax return, this means the risk of being discovered increases significantly.