Taxes on cryptocurrencies
How do you calculate taxes on cryptocurrencies, and what is the right percentage for profits and losses? These are important questions that pop up every year. We will try to help you with the answers.
In Norway, cryptocurrencies are treated as assets and must be declared in your yearly tax return. Read our Norwegian guide on how to do this here. In Denmark, cryptocurrency trading is normally considered speculation and must be declared in your yearly tax return.
We want it to be easy for our customers to report cryptocurrencies in their tax return. This article shows you how you can use Firi's own tax calculation, third party solutions like Kryptosekken, and how you can calculate your own taxes via CSV export.
Before you begin, we recommend reading through the official guidelines for tax on cryptocurrencies from the tax authorities in your country: Skatteetaten's guide to tax on virtual currencies for Norwegian customers, and Skat's guide to tax on cryptocurrency for Danish customers.
Please note that for now, we can only calculate based on your cryptocurrency holdings at Firi. If you hold cryptocurrency on other exchanges or in wallets, we recommend one of the other solutions.