Income realized on a disposal of assets is generally not subject to tax unless deemed income from speculation or from active trade with the assets. Technically, the individual intent is decisive for whether a transaction may be deemed speculation. The assessment of speculation regarding virtual currencies is the same as for other assets. An individual realizing gains on virtual currencies must accordingly include the gains as personal income being subject to tax at a marginal rate of approximately 52 per cent tops. Conversely, losses incurred may be deducted. The tax value of a loss will, however, be significantly lower (approximately 26 per cent) than the marginal tax rate applied to a gain. Losses resulting from cryptocurrency transactions are taxed differently depending on the circumstances. Cryptocurrencies have fewer tax benefits than other payment forms in Denmark. Laws apply to ICOs depending on their characteristics.
In Denmark, cryptocurrencies are subject to income tax. Any gains or losses on cryptocurrencies must be reported. Any income sources such as airdrops, and mining are also subject to income tax. After accounting for your tax-free amount and labor market contributions you’ll have to pay a bottom-bracket tax of %12.10 and municipal tax of ~25%. For income over DKK 552,500, you pay an additional 15% tax.