Denmark Tax Agency Clarifies Capital Gains Tax Treatment of Cryptocurrency Received as Payment

The Danish Customs and Tax Administration Nov. 11 posted Tax Council Binding Answer No. SKM2025.634.SR, clarifying the capital gains tax treatment of cryptocurrency received as a dividend. The taxpayer, an individual, received a dividend from a bankrupt cryptocurrency operator that consisted of both cash and cryptocurrency. The taxpayer sought clarification on whether the cryptocurrency could be transferred tax-free given that it was acquired as a means of payment. Upon review, the Tax Council found that: 1) the tax treatment of gains realized on cryptocurrency depends on whether the cryptocurrency was acquired with the intent to resale and make a profit; ...