{"id":140449,"date":"2024-10-24T14:00:04","date_gmt":"2024-10-24T11:00:04","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140449"},"modified":"2024-10-24T14:33:23","modified_gmt":"2024-10-24T11:33:23","slug":"denmark-introduces-42-tax-on-unrealized-cryptocurrency-gains","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/denmark-introduces-42-tax-on-unrealized-cryptocurrency-gains\/","title":{"rendered":"Denmark Introduces 42% Tax on Unrealized Cryptocurrency Gains"},"content":{"rendered":"

Unrealized gains refer to earnings that have been realized on paper but you have not yet converted into cash. For example, if you bought Bitcoin a few years ago and its value has increased since then, even though you haven\u2019t sold it, the new Danish law will require you to pay taxes on that increased value.<\/p>\n

Essentially, unrealized gains tax<\/strong><\/a> the increase in value of the asset before you sold it or converted it to cash.<\/p>\n

In Denmark, if the value of your Bitcoin<\/strong><\/a> or other cryptocurrencies increases, you\u2019ll owe 42% tax on the gain, even if you haven\u2019t sold any of it.<\/p>\n