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Clarification on Taxation Rules for Digital Currency Investments

The Danish Customs and Tax Administration has recently published Tax Council Binding Answer No. SKM2023.226.SR, providing clarity on the timing of taxation for digital currency investments using the first in, first out (FIFO) principle. In this particular case, a taxpayer had invested in digital tokens and sought clarification on the taxation of these investments.

Source: GVC


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VAT news