There’s no getting around Denmark’s tax agency, Skattestyrelsen, so don’t even try. The agency is pursuing Denmark crypto taxes with vigor and is leaving no stone left unturned!

Denmark Crypto Taxes

Skattestyrelsen has confirmed that approximately 2,700 individuals owe taxes on Bitcoin (available on Coinbase) gains, according to a release it made earlier.

These individuals reportedly bought and sold Bitcoin (available on Coinbase) via a Finnish cryptocurrency exchange between 2015 and 2017. However, they have yet to declare any profits or losses on their tax documentation. Whoops!

It’s now an agency priority to chase down these people and make them pay their dues.

Tax Director Karin Bergen commented:

“Right now we are identifying the individual citizens and keeping the new information up to those we already have […] If somETHing does not match, we will contact them and ask for more information. However, how many people it is and what it may mean, it is still too early to say.”

Denmark Crypto Taxes: Tip-Off

But the agency didn’t just unearth this news. Rather, it received a tip-off believed to have come from the Finnish tax authorities. It is still unknown which exchange is involved, but LocalBitcoin (available on Coinbase)s has been touted as a potential, as it is one of the biggest international P2p Bitcoin (available on Coinbase) trading platforms around.

It also just so happens to be Finland-based.

The platform recently brought in limited Anti-Money Laundering and Know Your Customer processes for “high volume” account holders.