{"id":29345,"date":"2024-04-18T10:36:47","date_gmt":"2024-04-18T10:36:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/swedish-crypto-miners-owe-90m-after-investigation\/"},"modified":"2024-04-18T10:36:47","modified_gmt":"2024-04-18T10:36:47","slug":"swedish-crypto-miners-owe-90m-after-investigation","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/swedish-crypto-miners-owe-90m-after-investigation\/","title":{"rendered":"Swedish Crypto Miners Owe $90M After Investigation"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>After years of tax infractions were discovered by official investigations, Swedish crypto miners now face a huge tax bill of over $90 million.<\/p>\n<p>From 2020 to 2023, 21 cryptocurrency mining enterprises underwent a thorough examination by Skatteverket, the Swedish Tax Agency. 18 of these companies had provided false or insufficient information in order to benefit from tax benefits, according to their findings.<\/p>\n<p>The agency revealed that several <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/how-mining-works\/\">mining<\/a> companies used false company descriptions in order to avoid having to pay value-added tax (VAT) on operations that were subject to taxation. Some came up with strategies to avoid paying income taxes on mining profits or import charges on mining equipment.<\/p>\n<p>In a statement, the Swedish Tax Agency expressed concerns about the repercussions of these actions, emphasizing that such practices result in significant tax losses for the country.<\/p>\n<h2>Multi-Million Krona Tax Demand<\/h2>\n<p>The tax authorities have mandated that the cryptocurrency mining companies pay out more than 990 million Swedish krona, or around $90 million. This includes tax penalties of around 57.9 million krona ($5.3 million) and outstanding VAT totaling 932 million krona ($85.4 million).<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Some mining businesses have disputed the amount levied by the Swedish Tax Agency, notwithstanding the substantial tax demand. Only two mining companies\u2019 challenges were, nonetheless, upheld by the administrative court, which changed the assessed amounts in accordance with the decisions of the courts.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/swedish-crypto-miners-owe-90m-after-investigation\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) After years of tax infractions were discovered by official investigations, Swedish crypto miners now face a huge tax bill of over $90 million. From 2020 to 2023, 21 cryptocurrency mining enterprises underwent a thorough examination by Skatteverket, the Swedish Tax Agency. 18 of these companies had [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":29346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29345"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=29345"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/29346"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=29345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=29345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=29345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}