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Denmark Supreme Court rules BTC profits to be taxed

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by COINS NEWS 164 Views

The Supreme Court of Denmark has ruled that investors and miners who profit from selling bitcoin will be subject to taxation rules, with a 27% taxation rate for profits not exceeding $8,630 and 42% for profits above.

The central bank governor, Lars Rohde, has previously criticized BTC's volatility and lack of stability and is not keen on the digital asset market, while also being a supporter of CBDCs.

Ok, that’s nothing worrying about, as it’s a part of acceptance.

In other countries that’s even more.

In Germany ie its your personal tax rate, which is up to 46%. Here are gains taxfree, if you hold longer than 1 year.

Tl;dr: Denmark taxes crypto

submitted by /u/CandidateNrOne
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