Denmark Will Tax Crypto in 2026

The Danish Ministry of Finance aims to impose a tax rate of up to 42% on unrealized crypto gains.

Denmark Will Tax Crypto In 2026

Starting from January 1, 2026, Denmark will implement a new tax policy aimed at aligning the taxation of cryptocurrency assets, such as Bitcoin, with the way traditional financial assets are taxed.

According to the latest proposal from the Danish Ministry of Finance on Wednesday, a 42% tax will be applied to unrealized gains from cryptocurrencies, retroactively starting from Bitcoin’s inception in January 2009. Finance Minister Rasmus Stoklund remarked that many Danish cryptocurrency investors have been subject to unfair taxation under the current capital gains tax rules. He suggested that the new regulations would create a simpler approach to taxing cryptocurrency.

Denmark Will Tax Crypto in 2026
Denmark Will Tax Crypto in 2026

The Council’s recommendations aim to address the imbalance between taxing profits and losses. Investors will be allowed to offset losses from one cryptocurrency against gains from another. Additionally, gains from cryptocurrencies can be offset against losses from financial contracts, and vice versa.

This approach, known as inventory taxation, classifies cryptocurrency transactions as capital income. As a result, they will be taxed continuously, even if the assets are not sold. However, the proposal does not clarify whether the new tax rules will apply retroactively to existing cryptocurrency holdings.

Related: DPP Japan Leader Proposes Significant Crypto Tax Cut

By early 2025, the Finance Minister is expected to submit a bill requiring cryptocurrency service providers to report customer transaction details and share this data across EU countries. At the same time, the Minister will also propose a cryptocurrency tax bill, incorporating the Council’s recommendations.

I believe that we need clearer and more appropriate rules in this area. That’s why I am looking forward to presenting the bill and discussing it with the parties in Parliament

Stoklund said.

Recently, Italy also announced plans to raise its capital gains tax on Bitcoin and other cryptocurrencies to 42%. This increase, aimed at providing additional resources for families, youth, and businesses, marks a significant jump from the current 26% tax rate, which has been in place since 2023.

0.0/5

Love

Latest

Azcnews Breaking 12 U.s. States Hold $330m In Saylor’s Strategy

News | Bitcoin | Editor Choice

12 U.S. States Hold $330M in Saylor’s Strategy

Bitcoin analyst Julian Fahrer reports that California leads the investment in Strategy stock, with over $150 million held in the state's pension funds.

Azcnews Breaking Analyst Predicts When Xrp Could Surge To $17

News | Altcoin | Editor Choice

Analyst Predicts When XRP Could Surge to $17

Renowned crypto analyst Egrag Crypto has forecasted a significant rally for XRP, suggesting that its price could soar to $17. Alongside this prediction, he also provided insights into when this milestone might be reached.

Azcnews Breaking Bitcoin Sees Slight Decline Amid Bearish Signals

News | Bitcoin | Editor Choice

Bitcoin Sees Slight Decline Amid Bearish Signals

Bitcoin has dipped to $96K as the Inter-Exchange Flow Pulse signals a potential downtrend, with BTC flowing out of derivatives exchanges, raising concerns about market sentiment and macroeconomic impacts.

Azcnews Breaking Blockchain Games Triple Activity In January Dapprad

News | Editor Choice | GameFi

Blockchain Games Triple Activity in January: DappRadar

According to a recent report from blockchain analytics platform DappRadar, blockchain gaming activity in January surged three times higher than the same month in the previous year.

How To Participate In The Newton Airdrop

Editor Choice | Airdrops | News

How to Participate in the Newton Airdrop

Join the Newton airdrop hunt! The project has successfully raised $83 million from top investment funds and is allowing users to earn credits for a chance to receive future airdrops.