How to declare crypto taxes to stat.dk using Divly
The Divly Tax Report
When purchasing Divly for a specific tax year, you will be able to download the documents needed to file your crypto taxes to the local tax authority. We call this the Divly Tax Report.
The Divly Tax Report is customized to fit each country's tax requirements and filing process. Once you have purchased it, you can download it as many times as you want from the Tax Report page in Divly. This is useful as it allows you to make changes in Divly and download an updated version.
Download an Example and Read the Guide
Below you can download an example of the Divly Tax Report for Denmark.
Divly Denmark Tax Report Example: Click to Download
The Divly tax report is country specific
All users in Divly will always receive a localized version of the Divly Tax Report suited for their country (this can be changed in your Settings). The Danish tax report is tailored for Danish citizens declaring their taxes to Skattstryelsen. It cannot be used by residents paying taxes in other countries. If you are paying taxes in a different country, please go to the guide suitable for your country.
The tax report includes the information needed to submit your crypto taxes to Skattstryelsen. The tax report does not explicitly state how much in taxes you will need to pay. This depends on many other factors (other assets, salary, etc) and can only be seen in Skattstryelsen’s portal.
What is included in the Divly Tax Report (Denmark)
When you navigate to the Tax Report page in Divly and click the button Get Tax Report, a zip file will download. This zip file contains two files:
Danish Tax Report (PDF)
This report includes the core information needed to declare your crypto taxes:
Yearly Summary: This section contains a summary of the crypto activities you must declare such as mining, staking and other income. You can also find this information on the label summary at the end.
Income Breakdown By Currency : In Denmark you must declare your gains and losses by cryptocurrency seperatly. This page contains this information for each currency you've traded.
Margin Trading : Here you will find your gains and losses specifically for margin trading. Make sure also to use the attached transaction list and look for Realized profit an Realized loss labels corresponding to your margin trading, as gains and losses are taxes seperatly for each margin trade.
Label Summary: Finally you'll find a summary of all the labels placed on your transactions. This includes for example whether you've recieved a gift or user crypto to pay for any goods and services.
Transaction History (PDF)
This file provides an overview of all your crypto transactions one at a time.
This can also be helpful if you need to report any margin trading as margin trades need to be declared individually. You can find them labelled as realized profits or realizes losses.
How to submit your tax report to Skat.dk
Once all the tax calculations are done and Skat.dk’s tax portal is open, it is time to declare your taxes before the deadline in May. You can submit your taxes online or by mail. We will primarily focus on the online portal in this guide. Should you have any questions you can always call Skat.dk for free at (+45) 72 22 27 95 during working hours.
The online E-Tax portal will open up with your tax assessment notice in March. Here you can see how much taxes the state has determined you should pay. If you need to update any information, you can do so before 1 May. If you need to change information after 1 May, you need to contact Skat.dk and explain why you need it reopened.
There are a couple of things you need before you can access the E-tax Portal
Civil Registration Number
You can find your E-tax password on the top right of your tax return
Then go to www.skat.dk/tastselv and click Adgang med TastSelv-kode (Access with TastSelv-code).
Then fill in your civil registration number and E-tax password, and click fortsæt.
If this is your first time logging in you will be asked to change the password. You must fill in your new password twice and then click fortsæt. If you want to update any information in your tax assessment you can click on Ændre årsopgørelsen (change your annual statement).
Here you will have the opportunity to fill in any information you need.
For cryptocurrencies, you can enter your profits in box 20 of your tax assessment notice and your loss in box 58 of your tax assessment notice, respectively. Box 20 is for Other personal income not subject to labor market contributions, Box 58 is for Other employment-related expenses.
There is no limit to how often you can update your tax information as long as you get it done before the 1st of May.