Sweden orders six crypto firms to pay $56M in additional taxes

Sweden’s tax authority has ordered six crypto companies operating in Boden to pay nearly 540 million Swedish kronor (approx. $56 million) in additional taxes after finding that the firms used business structures to obtain tax benefits they were not entitled to. Summary Sweden has ordered six crypto firms operating in Boden to pay nearly SEK 540 million in additional taxes. The tax agency said some companies concealed crypto mining activity to claim tax benefits they were not entitled to. Nine crypto companies have received tax adjustments totaling more than SEK 500 million between 2024 and 2026. Bikupan Datacenter has challenged its tax assessment and taken the dispute to Sweden’s Supreme Administrative Court. Swedish public broadcaster SVT reported on Sept. 3 that the six companies accounted for most of the latest tax adjustments imposed on crypto businesses following a review by Skatteverket, the Swedish Tax Agency. The authority said some companies had structured their operations in ways that concealed crypto mining activity. Patrik Lillqvist, head of intelligence at Skatteverket, said the arrangements were designed to secure tax advantages that would not have been available if ...