What are the tax rates for cryptocurrency transactions in Denmark?

2 answers

• Chapman McLeanOct 03, 2020 · 5 years ago
  In Denmark, cryptocurrencies are considered taxable assets. The tax rates for cryptocurrency transactions depend on various factors such as the type of cryptocurrency, the duration of holding, and the individual's tax bracket. Short-term capital gains from cryptocurrency transactions are subject to the regular income tax rates, which can range from 0% to 55.8%. Long-term capital gains, on the other hand, are taxed at a flat rate of 27%. It's important to keep track of your cryptocurrency transactions and consult with a tax professional to ensure compliance with Danish tax laws.
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• Elsa CoronelOct 24, 2020 · 5 years ago
  When it comes to cryptocurrency transactions in Denmark, the tax rates are determined by factors such as the type of cryptocurrency and the duration of holding. Short-term gains are taxed at the individual's income tax rate, which can range from 0% to 55.8%. Long-term gains, on the other hand, are taxed at a flat rate of 27%. It's essential to keep detailed records of your cryptocurrency transactions and seek professional advice to ensure compliance with Danish tax regulations.
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