Norway Reports 30% Surge in Crypto Tax Declarations Amid Regulatory Tightening
Norway's tax authority has recorded a significant uptick in cryptocurrency declarations, with over 73,000 taxpayers disclosing digital asset holdings in their 2024 filings—a 30% annual increase. The total declared value exceeded $4 billion, including $550 million in gains and $290 million in losses, reflecting both broader participation and improved compliance.
The Norwegian Tax Administration attributes this growth to enhanced public awareness campaigns, streamlined reporting technology, and forthcoming mandates requiring crypto exchanges and custodians to share transaction data with authorities by 2026. These measures aim to close historical gaps in tax oversight.
Participation has skyrocketed since 2019, when just 6,470 individuals in the 5.5 million-person nation reported crypto assets. "The improvement in reporting accuracy signals maturation of the ecosystem," noted Nina Schanke Funnemark, Director of the Norwegian Tax Administration.
