Bloomberg Tax
April 5, 2023, 5:41 PM

Almost Nobody Paid Crypto Taxes in 2022, Swedish Study Finds

David Jolly
David Jolly

The overwhelming majority of cryptocurrency owners aren’t paying taxes on their holdings, according to a study by a Swedish tech company.

Globally, “just 0.53% of cryptocurrency investors declared their cryptocurrency activity to their local tax authorities in 2022,” according to the study released April 4 by Divly, which operates a platform to help crypto holders calculate their taxes. The compliance rate ranged from a low of 0.03% in the Philippines to a high of 4.09% in Finland, it said.

  • The study relied on “official government figures, search volume data, and available cryptocurrency ownership data.” The report noted that such a ...

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