From next year, the tax authority will receive crypto trade data from Finnish brokers as well as from foreign platforms.
Some 16,000 people in Finland reported their cryptocurrency trades for last year, even though the Finnish Tax Administration estimates that at least 100,000 people resident in Finland were active in the market.
Anyone who traded should have declared it in their tax return, the office noted, whether they made a profit or a loss.
Juho Hasa, a senior advisor at the Finnish Tax Administration, confirmed to Yle that only an estimated 15 percent of those who should have declared their crypto trades in their tax returns have actually done so.
Failing to declare trades can lead to a tax…
