August 29, 2016
Private individuals who actively engage in short-term rentals of residential property, like that arranged through websites like Airbnb, now face tougher tax liability in Norway. Gone are the days of tax-free rental proceeds, if the authorities determine the rental activity is extensive. Questions remain over how “extensive” the short-term rental activity may be, but newspaper Dagens Næringsliv (DN) reported Monday that frequent short-term rental of just one apartment may be enough to trigger demands that the owners charge their often-vacationing tenants a 10 percent VAT (MVA), similar to a sales tax, and pay income tax on rental proceeds….