• 34ºc, Sunny

The Danish Tax Law Commission has recommended taxing unrealized cryptocurrency gains

On October 24th, the Danish Tax Law Committee has recommended the introduction of a bill that may tax unrealized gains and losses on crypto assets held by Danish cryptocurrency investors, with effect as early as 2026. In its 93-page official report on crypto asset taxation, the committee recommends that all crypto assets should be taxed under the same set of rules. It considers three potential models for taxing crypto assets in the country. In the report, Danish Tax Minister Rasmus Stoklund said that Danish cryptocurrency investors have been unfairly taxed under the prevailing "capital gains tax" method, and suggested that the new tax rules should find a simpler way to collect taxes. These suggestions do not mean that the law will take effect immediately.