by mark | Feb 14, 2024
Common spot trades, where you buy or sell cryptocurrency with speculation in mind, are taxed according to the State Taxation Act. Note that this is the case when selling crypto both for fiat currency and for other crypto. . Profits from such spot trades must be...
by mark | Feb 14, 2024
Leveraged trades are taxed according to the Capital Gains Tax Act. Profit and loss must therefore be calculated and taxed as capital income according to the “inventory principle”. This means that you are taxed on both realized and unrealized gains in the tax year when...
by mark | Feb 14, 2024
Airdrops received as a “gift” are taxed both upon receipt and again when they are sold. This is because such airdrops are considered advertising gifts. If you receive 1,000 ABC tokens in 2021 without any conditions (as an advertising gift) worth 1,000 DKK as airdrops,...
by mark | Feb 14, 2024
There are few statements/decisions from the tax authorities about or related to staking. Based on this limited case law, we believe that staking rewards should be treated as described here. Note: The limited case law available does not address all aspects of staking...
by mark | Feb 14, 2024
If you receive forked tokens as a result of a hard fork of a blockchain on which you already have tokens, the receipt of the forked tokens is tax-free. However, there is a tax liability on the sale of the forked tokens. The calculation method is the same as for spot...
