{"id":76501,"date":"2023-03-31T12:24:13","date_gmt":"2023-03-31T09:24:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76501"},"modified":"2025-09-10T17:44:28","modified_gmt":"2025-09-10T14:44:28","slug":"danish-court-clarifies-how-bitcoin-profits-are-taxed","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/danish-court-clarifies-how-bitcoin-profits-are-taxed\/","title":{"rendered":"Danish court clarifies how bitcoin profits are taxed"},"content":{"rendered":"

The Danish Supreme Court has defined the circumstances under which the sale of bitcoin constitutes a taxable event. The ruling is stated on the official website<\/a> of the government authority.<\/p>\n

The judges considered two cases involving gains from the digital asset. In the first, a company purchased bitcoin from a third party; in the second\u2014miners.<\/p>\n

For the company, the court held that their purchase was speculative in nature. Under local law, such transactions are not exempt from taxation.<\/p>\n

As for the miners, the method by which they obtained the bitcoins was classified as income, so in the event of selling the coins they must pay tax.<\/p>\n

\n

“The Supreme Court considers that the bitcoins obtained should be treated as assets acquired for the purpose of subsequent turnover as an integral part of the business,” the ruling states.<\/p>\n<\/blockquote>\n

Both precedents arose between 2011 and 2013, with sales in 2017 and 2018. In reaching the decision, the court referred to Denmark’s National Tax Act.<\/p>\n

Earlier, Italian authorities approved<\/a> the introduction of a 26% capital gains tax on profits from trading digital assets.<\/p>\n

In March 2023, U.S. President Joe Biden proposed changes<\/a> to the taxation of cryptocurrency transactions. Under his calculations, this would lift industry revenues to as much as $24 billion.<\/p>\n

In February, the bitcoin exchange Binance introduced<\/a> a free service for calculating taxes on crypto trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Danish Supreme Court has defined the circumstances under which selling bitcoin is a taxable event. This is stated on the official website of the government body.<\/p>\n","protected":false},"author":1,"featured_media":76502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1703,558],"class_list":["post-76501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-denmark","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=76501"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76501\/revisions"}],"predecessor-version":[{"id":76503,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76501\/revisions\/76503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/76502"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=76501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=76501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=76501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}