Norway is changing the way it taxes bitcoin miners.
The current tax structure for cryptocurrency miners:
- the lower rate for power intensive industries (capacity of more than 0.5 megawatts)
- the rate: $0.00056 per kilowatt hour
- 2.8% of the standard tax rate
The new rate tax structure for bitcoin in Norway:
- $0.019 per kilowatt hour
CryptoCurrency 365 | Norway Decided to Impose Normal Electricity Tax on Miners