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How do I pay taxes in Norway?
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Created: by Dufoo Attachments:0

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How do I pay taxes in Norway?

  #1 (permalink)
Arendal
 
 
Posts: 1 since Nov 2016
Thanks: 1 given, 1 received

How do I pay taxes in Norway?

Hello there everyone, first time saying something, but been here for a while lurking around in the dark. A little about me- I am married, have 2 kids, residing in Norway. I am not new to the trading, been studying it for almost 10 years (full time a little less). Still having a daily job, which pays the bills (living in Norway gives me a chance to make it home before the emini ES open). I must say that after all these years I am still fighting myself in the BE EVEN phase, but starting to see the light at the end of the tunnel. I have never withdraw any money from my trading account, but I would like to prepare myself for the next step- WHAT ABOUT TAXES? This question has been on my mind recently... I have done some research, but still not satisfied. Maybe I could get some help here...

THE QUESTION: Does any of you live in Norway and could try to help me and get the whole process from A-Z concerning taxes, how trading is classified, what happens after withdrawal to the bank account, what should I do next?

P.S. I am trading emini ES.

Thank you in advance

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  #2 (permalink)
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  #3 (permalink)
copenhagen Denmark
 
 
Posts: 4 since Jul 2019
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Hi Dufoo, nice to see a fellow scandinavian here :-)

I'd have a look at some traditional investment web-sites i Norway. They ought to have some information on how stock-gains are taxed and might also have some info on how derivatives are taxed. Otherwise try to find norwegian tax adviser who should have some basic info on their website.

I know in Denmark futures are classified as a derivative and is taxed alongside other derivatives like Options, Currency forwards etc..

Best of luck on your journey

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  #4 (permalink)
Wisconsin
 
 
Posts: 17 since Sep 2019
Thanks: 7 given, 1 received


Dufoo View Post
Hello there everyone, first time saying something, but been here for a while lurking around in the dark. A little about me- I am married, have 2 kids, residing in Norway. I am not new to the trading, been studying it for almost 10 years (full time a little less). Still having a daily job, which pays the bills (living in Norway gives me a chance to make it home before the emini ES open). I must say that after all these years I am still fighting myself in the BE EVEN phase, but starting to see the light at the end of the tunnel. I have never withdraw any money from my trading account, but I would like to prepare myself for the next step- WHAT ABOUT TAXES? This question has been on my mind recently... I have done some research, but still not satisfied. Maybe I could get some help here...

THE QUESTION: Does any of you live in Norway and could try to help me and get the whole process from A-Z concerning taxes, how trading is classified, what happens after withdrawal to the bank account, what should I do next?

P.S. I am trading emini ES.

Thank you in advance

Is the tax rate in Norway pretty high? I am a new trader and not sure about things with tax rate in trading yet..

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  #5 (permalink)
Wisconsin
 
 
Posts: 17 since Sep 2019
Thanks: 7 given, 1 received


Sinky View Post
Hi Dufoo, nice to see a fellow scandinavian here :-)

I'd have a look at some traditional investment web-sites i Norway. They ought to have some information on how stock-gains are taxed and might also have some info on how derivatives are taxed. Otherwise try to find norwegian tax adviser who should have some basic info on their website.

I know in Denmark futures are classified as a derivative and is taxed alongside other derivatives like Options, Currency forwards etc..

Best of luck on your journey

Do you know any website where I can check the tax rate in US? How much do these tax rate normally average?

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  #6 (permalink)
copenhagen Denmark
 
 
Posts: 4 since Jul 2019
Thanks: 0 given, 1 received

hi Matt, I have zero insight on how US taxes futures trading. But I think someone from the US already trading futures should be able to chime in.

Try having a look at this Tax thread as well ...just type Tax in the search box at the top right of this fine website and you will get the thread

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