What are the tax implications for crypto investments in Germany?

1 answers

• Cowan SchmidtOct 11, 2020 · 5 years ago
  As a leading cryptocurrency exchange, BYDFi understands the importance of tax implications for crypto investments in Germany. In Germany, cryptocurrencies are treated as assets, and any gains made from buying and selling them are subject to capital gains tax. The tax rate depends on the holding period of the cryptocurrency. If you held it for less than one year, the gains are subject to your personal income tax rate. If you held it for more than one year, the gains are tax-free. However, if you actively trade cryptocurrencies, the gains may be considered as business income and subject to income tax. It's crucial to keep track of your transactions and consult with a tax professional to ensure compliance with the tax regulations in Germany.
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