How to File Crypto Tax in Denmark

How to File Crypto Tax in Denmark

Filing your crypto tax in Denmark for 2026 involves reporting all taxable transactions—including capital gains from disposals and income from crypto-related activities—to the Danish Tax Agency (SKAT). Denmark treats cryptocurrency as an asset, and taxable events occur when you dispose of crypto, receive crypto as payment, or earn crypto through mining, staking, or similar activities.

This guide walks you through Danish crypto tax rules, step-by-step filing instructions, key forms, deadlines, common mistakes to avoid, and how Kryptos simplifies the filing process.

How Crypto Is Taxed in Denmark (2026)

1. Capital Gains Tax

In Denmark, crypto transactions are generally taxed as capital gains when you:

• Sell crypto for fiat currency
• Swap one cryptocurrency for another
• Use crypto to purchase goods or services

Net gain calculation:

Net Gain = Sale price − Cost basis − Fees

Taxable gains must be included in your annual tax return and are subject to personal capital gains tax rates, which can reach up to approximately 42%, depending on your total income.

2. Income Tax on Crypto Earnings

Crypto received as income is also taxable. This includes:

• Mining rewards
• Staking rewards
• Referral or platform rewards
• Payments for work or services in crypto

Income is taxed at standard Danish personal income tax rates at the time it is received.

3. Business vs Private Activity Classification

Frequent, systematic, or professional crypto activity may be classified as business income rather than private investment activity.

• Private investors report gains under capital gains tax
• Business activity is reported as business income and taxed accordingly

Correct classification affects both reporting and applicable tax rates.

Step-by-Step Filing Instructions

Step 1 – Gather All Transaction Records

Collect all crypto transaction records for the tax year, including:

• Wallet and exchange exports
• Trade history
• Swap transactions
• Crypto income events
• Fees and transfer records

All values must be converted to Danish kroner (DKK) using accurate exchange rates from the transaction date.

Step 2 – Convert to Danish Kroner (DKK)

All crypto amounts must be reported in DKK.

• Use reliable historical exchange rates for each transaction date
• Convert both acquisition and disposal values

Accurate conversions help avoid discrepancies with SKAT’s data.

Step 3 – Calculate Capital Gains and Losses

For each disposal:

1. Identify the cost basis in DKK
2. Identify the disposal value in DKK
3. Subtract applicable fees

The result is your taxable gain or loss for each transaction.

Step 4 – Calculate Crypto Income

For each income receipt:

1. Determine the fair market value in DKK on the date received
2. Report that value as taxable income
3. Maintain documentation supporting each income event

Crypto income is taxed at personal income tax rates.

Step 5 – Complete the Danish Tax Return

Crypto gains and income are reported in your annual tax return via SKAT’s online system.

• Report crypto capital gains in the appropriate capital gains section
• Report crypto income under personal income
• If activity is business-related, report it as business revenue

Many Danish taxpayers receive pre-filled returns, which must be reviewed and adjusted if crypto activity is missing or incomplete.

Step 6 – Submit Before Filing Deadlines

Important dates for Danish taxpayers:

• 1 March 2026 – Expected opening of the online tax system for the 2025 tax year
• 1 May 2026 – Standard filing deadline
• Extensions may be available if requested in advance

Late filing can result in penalties.

Recordkeeping and Supporting Documentation

SKAT requires documentation to be retained for at least five years after filing.

Keep records such as:

• Wallet transaction histories
• Exchange statements
• Fair market value conversion records
• Income receipts from mining, staking, or other sources
• Calculation worksheets for gains and losses

These documents are essential in case of an audit.

Common Mistakes to Avoid

1. Misclassifying internal wallet transfers as taxable events
2. Failing to convert all values to DKK accurately
3. Mixing income events with capital gains incorrectly
4. Not reporting income from DeFi, staking, or mining
5. Missing SKAT filing deadlines
6. Failing to distinguish personal and business crypto activity

Avoiding these mistakes improves compliance and reduces audit risk.

How Kryptos Helps You File Crypto Tax in Denmark

Kryptos simplifies Danish crypto tax filing by providing:

• Automatic imports from exchanges and wallets
• Accurate conversion to DKK for each transaction date
• Precise capital gains and income calculations
• Clear separation of income and capital events
• Ready-to-use summaries for SKAT reporting
• Full audit-ready documentation
• Alerts for missing or unclassified transactions

With Kryptos, you can file confidently without relying on complex spreadsheets.

Frequently Asked Questions

1. Do I have to report crypto tax in Denmark if I didn’t sell?
Yes. Crypto income and other taxable events must be reported even if no sale occurred.

2. What exchange rate should I use?
Use the market exchange rate on the date of each transaction and retain conversion records.

3. Is staking income taxable?
Yes. Staking rewards and similar earnings are taxable as income when received.

4. Are internal wallet transfers taxable?
No. Transfers between wallets you control are not taxable events.

5. What if my crypto activity is frequent?
Frequent or business-like activity may be treated as business income and taxed differently.

6. Can Kryptos generate SKAT-ready reports?
Yes. Kryptos generates ready-to-file summaries that align with Danish reporting requirements.

Conclusion

Filing crypto tax in Denmark in 2026 requires tracking all disposals and income events, converting values to DKK, calculating gains and income accurately, and submitting your return to SKAT on time.

Strong recordkeeping and correct classification of taxable events are essential. Using a crypto tax automation tool like Kryptos speeds up preparation, reduces errors, and ensures your Danish crypto tax filing is accurate, complete, and compliant.