Denmark Tax Agency Clarifies Taxation of Cryptocurrency Gains

The Danish Customs and Tax Administration Aug. 27 posted City Court Decision No. SKM2025.464.BR, clarifying the taxation of gains from cryptocurrency. The taxpayer, an information technology (IT) developer, purchased cryptocurrency in 2011, and later sold portions of it. The Tax Agency increased the taxpayer’s taxable income, determining there was a speculative intent in his purchase. The taxpayer argued that the purchase was to experiment with cryptocurrency technology in order to develop a certain software solution. On appeal, the City Court found that: 1) the possibility of profiting from resale was a significant part of the taxpayer’s purchase intent; 2) although ...