I suppose that cashback earned on a crypto card results in tax as soon as I buy something or convert it to Fiat in Sweden?
Seems quite a hassle to deal in crypto living in Sweden…
Hi, you will need to check this with Skatteverket. In some countries cash back is taxed as ordinary income - but not in all.
Did you ask them? What was their response?
Hi!
No, as of now I haven’t.
I do however suspect that as other credit card cashback isn’t, there is no taxation up to the point where you do something with the cryptocurrency, e.g. exchange it for other coins or fiat.
Then you have to tax 30% of it all, as you got them for free.
But this is just a guess till I email them.