Swedish Tax Authority 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 $56 million in additional taxes after finding that the firms used business structures to obtain tax benefits they were not entitled to.

The Swedish Tax Agency, Skatteverket, said some companies had structured their operations in ways that concealed their crypto mining activity. This allowed them to secure tax advantages that would not have been available if the businesses had been classified as crypto miners.

Patrik Lillqvist, head of intelligence at Skatteverket, stated: 'The purpose is to obtain tax advantages that the companies are not entitled to.'

The latest assessments form part of the agency's review of the crypto industry between 2024 and 2026. Nine companies have received tax adjustments totaling over half a billion Swedish kronor during this period.