Crypto Tax in Denmark: A Complete Guide for 2026

Denmark has some of the most comprehensive — and strict — crypto tax rules in Europe. The Danish Tax Agency (Skattestyrelsen) has invested heavily in crypto enforcement.

Core Principles

Principle	Detail
Crypto is an asset	Taxed as capital gains
Gains are taxable	No holding period exemption
Losses are deductible	Under specific rules
No tax-free threshold	Every kroner taxed
Inventory method mandated	FIFO (since 2022)

Capital Gains Tax

Detail	Rate (2026)
Capital gains tax (shares-like)	27% / 42%
Staking rewards	Personal income (up to 52%)
Mining	Business income

Gains Tax Rates

Gain Amount	Rate
Up to DKK 61,000 (2026 est.)	27%
Above DKK 61,000	42%

The FIFO Rule

Denmark mandates FIFO (First In, First Out) for crypto since 2022.

Purchase	Amount	Price
Purchase 1 (Jan)	1 BTC	200,000 DKK
Purchase 2 (Mar)	1 BTC	300,000 DKK
Purchase 3 (Jun)	1 BTC	250,000 DKK

If you sell 1 BTC, it’s assumed to be Purchase 1 (from January, cost 200,000 DKK).

Taxable Events

Event	Taxable
Sell crypto for DKK	Yes
Crypto-to-crypto trade	Yes
Buy goods/services with crypto	Yes
Gift to non-family	Yes (disposal)
Transfer between own wallets	No
Gift to spouse	No

Staking and DeFi

Activity	Tax Treatment
Staking rewards	Personal income (progressive, up to 52%)
Airdrops	Taxable as other income
DeFi lending	Interest is taxable
Liquidity mining	Taxable as income
Wrapped tokens	May trigger disposal event

Loss Deduction

Loss Type	Deductibility
Loss from sale	Can offset crypto gains
Loss from scam/theft	27/42% deductible
Loss from worthless token	Deductible if documented

Losses can only offset gains of the same type (crypto losses vs crypto gains).

The Exchange Reporting Requirement

Since 2024, Danish exchanges must:

Report all user transactions to Skattestyrelsen
Include KYC data
Report across tax years

Foreign exchanges may also be required to report under international agreements.

Mining

Aspect	Tax Treatment
Mining income	Business income (progressive tax)
Deductible expenses	Electricity, hardware, rent
VAT	May apply on sales of mined coins
Registration	May need CVR number (business registration)

Reporting

Requirement	Detail
Tax return (Selvangivelse)	File by 1 July
Manual reporting	Most crypto must be self-reported
Foreign accounts	Report if on foreign exchanges
Documentation	Keep for 5 years

Bottom Line

Denmark has strict crypto tax rules with FIFO method, 27/42% capital gains tax, and no tax-free threshold. The tax agency has strong enforcement powers and exchange reporting requirements. Staking is taxed as personal income at higher rates. Keep careful FIFO records and consider professional help — Danish crypto tax is complex and mistakes can be costly.