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Proposal for Taxation of Crypto Assets Delayed
The current rules for the taxation of crypto assets are outdated. Therefore, the government had planned to present a proposal with new regulations in the spring of 2025. However, Minister of Taxation Rasmus Stoklund wants more dialogue with stakeholders and actors in the field. As a result, the proposal has been postponed to later in 2025.
Crypto assets, such as bitcoins, are becoming increasingly popular, with an estimated 300,000 Danes owning crypto assets. However, the rules for taxing these assets are not up to date, which has posed challenges for both the tax authorities and the investors who own crypto assets.
In light of this, it was intended that the recommendations presented by the Tax Law Council in a report in October would form the basis for a new proposal in the spring of 2025. The proposal was meant to modernize the tax rules and ensure that investors would be taxed more appropriately than they are today.
Since the report was released in October, several stakeholders, actors, and political parties have expressed concerns about some of the Tax Law Council's recommendations. Therefore, Minister of Taxation Rasmus Stoklund will now gather more input from the actors and postpone the proposal to later in 2025.
"The current tax rules have not kept pace with the popularity of crypto assets, so it is a pressing task to ensure more modern regulations. After the Tax Law Council's recommendations were published, I had a productive joint meeting with several stakeholders and actors, and I would like to thank them for their valuable input," says Minister of Taxation Rasmus Stoklund, who aims to gain a better understanding of this complex area before presenting a proposal:
"We must acknowledge that it requires more time to find the right model for taxing crypto assets. Therefore, I have decided to postpone the proposal and gather additional input for the ongoing work to ensure a more modern taxation of crypto assets that is both fair and more appropriate—where the reporting of gains and losses can be verified by the tax authorities."
#Bitcoin #tax #enogtyve #Denmark #EU
@ODELL
@Marty Bent
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@Erik Dale
@preston
@Peter McCormack
@NICO⚡️
@Jeff Booth
#Bitcoin #meme #Denmark #Tax
From the man behind unrealized capital gains tax in Denmark 😱
"In recent years, there have been examples of Danish crypto investors being heavily taxed. Therefore, I am pleased that the Tax Council has today submitted some well-considered and up-to-date recommendations. The council's recommendations may be a way to ensure a more fair taxation of crypto investors' gains and losses," says Finance Minister Rasmus Stoklund
The law will properly be passed in January 2025.
#Bitcoin #Denmark #nostr #meme