What happens if I do not declare my cryptocurrencies?
Incorrectly reporting information to Skatteverket may have a number of consequences. You may face adjustments in your taxable income, tax surcharges or in some cases criminal charges. You can avoid these penalties if you make voluntary disclosures of your previous incorrect tax returns.
You can read more on Skatteverket's page on self-corrections. We've translated some key takeaways from this page below. However, be aware that our translations are not official, and the Swedish article takes precedence over our translations.
"If you provide incorrect information in your income tax return, you may have to pay tax surcharges. If the tax withheld exceeds a certain amount, you also risk being reported as a criminal, prosecuted, and convicted of tax offenses. To avoid this, you can do a self-correction."
"The rule on the possibility of making a self-correction has been in place since 1 January 2012 in the Tax Procedure Act, SFL. The law states that tax surcharges may not be levied when a person on his own initiative has corrected an incorrect statement (Chapter 49, Section 10, Section 2 of the SFL)."
It is our opinion therefore that if you are aware of errors in previous years then you should correct them.