8 February 2022: Welcome to the Danish Crypto Tax Guide! (Velkommen til den Danske kryptoskatteguide!) Is crypto taxed in Denmark? 23 February 2023: Updated to include guidance on stablecoins, staking rewards, and more. At Koinly, we keep a very close eye on the Danish Tax Agency’s crypto policies and regularly update this guide to keep you informed and tax-compliant. This guide is regularly updatedīefore we start - the rules on crypto tax in Denmark are always changing. Read on to learn more about the Danish crypto tax rules for 2023. The exact tax you’ll pay on your cryptocurrency depends on your specific investments, how much you earn and the municipality in which you live. Wondering how cryptocurrency is taxed in Denmark? The Danish Tax Agency - Skattestyrelsen - has given clear guidance on Denmark crypto tax. ![]() How to report crypto taxes to Skattestyrelsen When do you need to report your crypto taxes? ![]() What kind of records will the Danish Tax Agency ask for? ![]() How are airdrops and forks taxed in Denmark? Do you pay tax when you transfer crypto in Denmark? Do you pay tax when you sell crypto in Denmark Do you pay tax when you buy crypto in Denmark? How to calculate crypto gains, losses and income Since 2018, Ali Malek QC, Matthew Hardwick QC and George McPherson have been instructed by Anthony Field, Justin Nimmo, Luther Kisanga, Tom Spiller and Charlotte Woodward at Rosenblatt. The outcome of the appeal brings to an end ED&F Man’s 4 year involvement in this mammoth case. The Court held that the second ground was academic. The Court of Appeal dismissed SKAT’s appeal against ED&F Man on the first ground, on the basis that SKAT’s claim against ED&F Man was a ‘revenue matter’ outside the scope of the Brussels Recast Regulation. On appeal, SKAT sought to argue against ED&F Man that (i) the English court had jurisdiction to determine the claim because (as the Judge had held) it was a ‘civil and commercial matter’, and not a ‘revenue matter’, under the Brussels Regulation Recast and (ii) the existence of such jurisdiction precluded the operation of Dicey Rule 3 (which SKAT accepted would otherwise apply to bar its claim against ED&F Man). SKAT was attempting to overturn the decision of Andrew Baker J that all of SKAT’s claims were inadmissible pursuant to Dicey Rule 3, the conflict of laws “revenue rule” which bars claims in this jurisdiction which have the object of enforcing the revenue laws of a foreign State. SKAT’s claim against ED&F Man was worth approximately £70m. SKAT’s claim is one of the biggest ever to be brought in the Commercial Court.įollowing a 3 day hearing in January before the Court of Appeal (Sir Julian Flaux C, Phillips LJ and Stuart-Smith LJ), ED&F Man was the only defendant (among over 100) to defeat SKAT’s appeal, which otherwise succeeded. ![]() Media, Entertainment, Art & Cultural PropertyĪli Malek QC and George McPherson (instructed by Rosenblatt) have successfully acted for ED&F Man in the revenue rule appeal brought by the Danish Tax and Customs Authority (SKAT) in its £1.5 billion claim against more than 100 defendants to recover payments made by way of tax refunds.Energy, Natural Resources & Infrastructure.
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