Guide to Crypto Taxes in Denmark for 2025
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In Denmark, crypto profits are subject to capital gains tax at rates of 27-42%, while income from mining and staking can be taxed up to 56%.
Keeping detailed records is essential for accurate reporting to the Danish Tax Agency.
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Cryptocurrency in Denmark is taxed similarly to other financial assets, with capital gains tax applied to trades and income tax applied to activities like crypto mining and staking. This guide provides a complete overview of Denmark’s crypto tax rules, including how to report your transactions.
Capital gains tax on crypto in Denmark
In Denmark, cryptocurrency profits are subject to capital gains tax, with tax rates ranging from 27% to 42%. Gains below DKK 57,200 for individuals or DKK 114,400 for married couples are taxed at 27%, while gains exceeding this threshold are taxed at 42%. These rates are among the highest in Europe, so it’s important to plan accordingly.
Capital gains are calculated by subtracting the acquisition cost from the selling price. For instance, if you bought Bitcoin for DKK 200,000 and sold it for DKK 300,000, your taxable gain would be DKK 100,000. Denmark’s capital gains tax applies to all types of disposals, including selling crypto for fiat currency and trading one cryptocurrency for another.
Income tax on crypto activities in Denmark
In Denmark, crypto mining and staking rewards are considered taxable income and are subject to income tax rates, which can reach up to 56%. The income tax rate depends on your total annual earnings, including income from other sources.
For example, earning DKK 50,000 worth of cryptocurrency from mining or staking would be taxed as personal income. If your total income places you in the highest tax bracket, you could face a tax rate of up to 56%. Accurate reporting of the market value of your rewards at the time of receipt is essential.
Looking to calculate your crypto profit? Try our free crypto profit calculator.
Deducting crypto losses in Denmark
Crypto losses in Denmark can be used to offset gains, but only for similar transactions. For example, losses from selling Bitcoin can only be used to offset gains from selling other cryptocurrencies. Additionally, losses can be carried forward to offset future gains.
Maintaining detailed records of any losses is essential, including the date of purchase, the date of sale, and the amounts involved. This ensures that you can accurately report deductions on your annual tax return.
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Filing deadlines for crypto taxes in Denmark
Crypto investors in Denmark must report all taxable transactions as part of their annual tax return, typically due in March or April. The Danish Tax Agency (Skattestyrelsen) publishes the exact deadline annually. Failing to report crypto transactions can result in significant fines and interest charges.
All kinds of crypto transactions, including crypto-to-crypto trades and income from mining or staking, must be reported. To avoid penalties, make sure you meet the filing deadlines.
How different crypto transactions are taxed in Denmark
Here’s a breakdown of how the Danish tax authority treats a range of crypto transactions.
Buying and holding cryptocurrency
No taxes are applied when you buy or hold cryptocurrency in Denmark. However, selling or trading cryptocurrency is taxable.
Selling cryptocurrency
Selling cryptocurrency for fiat currency or trading one cryptocurrency for another is subject to capital gains tax, which ranges from 27% to 42%.
Mining and staking cryptocurrency
Mining and staking rewards are classified as taxable income. You must report the market value of the rewards at the time of receipt as part of your income tax return.
Record-keeping for crypto transactions in Denmark
Maintaining accurate and detailed records is essential for reporting crypto taxes in Denmark. Keep a record of all transactions, including purchase price, sale price, date, and the fair market value of any income from mining or staking. This ensures compliance with Denmark’s tax laws and simplifies the filing process.
Danish crypto taxes FAQs
Is crypto taxed in Denmark?
How are crypto mining and staking taxed in Denmark?
Can I deduct crypto losses in Denmark?
Learn more about crypto tax free countries.
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