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Norway Proposes Sharing Economy Tax Reporting

by Ulrika Lomas, Tax-News.com, Brussels

23 March 2018


The Norwegian Government has begun a consultation on proposed new reporting requirements for online platforms in the sharing economy.

The proposal, which follows up the publication of recommendations by the Government's sharing economy committee in 2017, would require online platforms enabling the provision of sharing economy services and the rental of property to provide "tax relevant" information about the service provider or landlord to the tax administration.

According to the Finance Ministry, the measures would apply across the entire sharing economy, and not just to platforms that provide short-term property rentals as was originally envisaged.

According to Minister of Finance Siv Jensen, the proposal "will make it easier for service providers and landlords in the sharing economy to pay the right tax, and will contribute to a level playing field for business."

The consultation exercise is due to close on June 1, 2018.

TAGS: compliance | Finance | tax | business | value added tax (VAT) | tax compliance | real-estate | Norway | internet | services | BEPS

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