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Sweden’s tax on crypto trading: how declare your earnings

If pay taxes in Sweden and traded (bought/sold) any cryptocurrency in 2018 (and previous years), now it’s time to declare your transactions.

The deadline for the income tax declaration (2018) is approaching and should be handled to Swedish Tax Agency (Skatteverket) no later than 2nd May.

So what happens if you bought and sold cryptocurrency in Sweden? Here is a quick guide on how to declare it.

If you bought / sold crypto privately in Sweden

The first step is to compile a list of all transactions before filling out the tax declaration form.

These are the types of transaction Skatteverket advises to declare if you:

  • sold crypto currency
  • exchanged a cryptocurrency for one or more other types of cryptocurrencies
  • paid with crypto when buying an item. Even small value transactions eg. paying for a pair of shoes or a service, such as a taxi ride, should be declared too.
  • lent any cryptocurrency
  • used crypto for a gambling bet

Then you should use the form K4, complete section D and submit it together with your year’s income statement. Any profit will be taxed in the income category at 30%. If you have made a loss, it is deductible to 70%.

This applies only for individuals. If you traded crypto using a company (juridisk person), there are different rules – I will be talking about it on my next post.

According to a press release on 12/02/19, Skatteverket will be more strict in checking the purchase and sale of crypto in Sweden. This is a response of the increased number of people investing in crypto in the country.

For more info [in Swedish] click here

3 thoughts on “Sweden’s tax on crypto trading: how declare your earnings

  1. Hi Ana,

    We have recently launched Koinly.io which can calculate taxes in accordance with the policies set out by Skatteverket. It also generates the K4 form that is used to file cap gains in Sweden

    Hope you can check it out 🙂

    Regards
    Robin

    1. Hey Robin, that sounds interesting – I’d love to hear more about Koinly.io! Let’s connect on LinkedIn

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