Ruling on Taxation of SAFE
Published 6 November 2020
Category: Taxation / VAT
On 23 October 2020, the Danish Tax Agency published a ruling from the Danish National Tax Board regarding taxation of a SAFE (Simple Agreement for Future Equity) issuable by a US company.
According to the ruling, the SAFE should be taxed in accordance with Section 4(f) of the Danish Central Government Taxation Act, which governs the taxation of lottery, other gambling and betting.
The ruling can be found here (in Danish)