Taxes · DNK
Taxes in Denmark
Denmark taxes cryptocurrency gains as personal income at progressive rates up to around 52%, one of the highest rates in Europe. There is no separate lower capital gains rate for crypto, and losses are typically non-deductible against other income. Skattestyrelsen, the Danish Tax Agency, has issued guidance confirming this treatment, and Danish courts have upheld aggressive taxation of crypto profits.
Income tax
Mining rewards, staking income, and other crypto earnings are taxed as personal income at progressive rates ranging from approximately 37% to 52% depending on total income. The value at receipt is the taxable amount.
VAT / GST
Exempt. Following the EU Court of Justice Hedqvist ruling, buying and selling cryptocurrency is exempt from Danish VAT for individuals.
Capital gains
Gains from selling or disposing of cryptocurrency are taxed as personal income at progressive rates up to approximately 52%, not as capital gains. Losses are generally not deductible against other income, making crypto taxation particularly harsh in Denmark.
Type case, not tax advice: figures describe a single average earner and standard rates; your situation depends on residency, deductions and local rules. Verify with the tax authority before acting. — Fiatmap