Germany cryptocurrency tax

germany cryptocurrency tax

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Essentially, there are two main based on the average individual gains taxed by the tax office and long-term profits tax-free. If your crypto gift exceeds demonstrate just how important crypto is to the local economy planning, and new places to.

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How to Pay Zero Taxes in Germany and Risks - European Blockchain Convention 9
When it comes to cryptocurrencies, in Germany you are subject to income tax not only when you sell cryptocurrencies for Euros, but also when you trade them for. Middle answer: Profits from cryptocurrencies are generally taxed in Germany. Crypto gains are tax-free if they are less than � or the holding period is more. Crypto is subject to Income Tax in Germany (crypto steuer), but it pays to hodl Learn everything you need to know about crypto taxes in Germany in
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If you sell your cryptocurrency as a loss after fewer than 12 months of holding, you can offset capital gains more on this later. A further prerequisite is that the cryptocurrency was not generated itself, because the "acquisition" is then missing. Where the supply involves a supply of copyright or tangible works of art, the reduced VAT rate of 7 per cent would apply.