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Norway steps into the metaverse with Decentraland tax office

2022/10/27 01:26

According to Coindesk, the Norwegian government is taking steps to embrace Web3 with the establishment of a metaverse tax office. At the Nokios conference on Wednesday, the Brønnøysund, Norway’s central register, and Skatteetaten, the nation’s tax authority, announced that they’re partnering with consulting firm Ernst and Young (EY) to establish an office in Decentraland. The goal of the initiative, according to Nokios, is to deliver services to younger, tech-native individuals while establishing their Web3 footprint. The Brønnøysund is also exploring additional Web3 services, such as decentralized autonomous organizations (DAO), wallets, smart contracts and more. Magnus Jones, Nordic blockchain lead at EY, wrote in a LinkedIn post on Tuesday that he hopes the partnership with Norwegian authorities will help spearhead education in the crypto space by teaching users about taxes related to decentralized finance (DeFi) and non-fungible tokens (NFT).
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