Norwegian Police Urge Cryptocurrency Users To Advertise Their Products

According to the April 22 Cointelegraph, the Norwegian National Tax Agency (NTA) has warned cryptocurrency traders to repay their taxes by the April 30 deadline. FEATURES Encourage taxpayers who own or sell cryptocurrencies to report their cryptocurrencies in 2020. Otherwise, “you run the risk of paying more taxes”. FEATURES reported that about 2% of crypto holders had or received tokens in 2019, which is less than 4,700 out of 235,000. In Norway income determined by cryptocurrency income is taxed at a rate of 22 %, similar to taxable income in the United States. Norwegian taxpayers can deduct their money by 2020 if they are damaged by their cryptocurrency wallet, but may need information from the exchange used to hold or trade digital assets to prove it.