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Major developements for crypto taxes in Germany today

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by COINS NEWS 154 Views

Until today, if you bought and held a coin (every fiat-to-crypto transaction here) for more than a year, no taxes were charged on the gains if the token was held for more than a year. The exception was if you were to stake the coin - in similarity with local real estate taxation, the „tax-free period“ would increase to ten years (e.g., a static buy-and-hold transaction history of ten years would result in the token to become exempt from capital-gains tax if the token was only used for staking).

The last point has changed now. Independent of whether you stake or you don’t, if you hold your token for a year tax-free, you can exchange them to fiat or another token without taxes again (if exchanged for a stablecoin or another token, the timer resets again). That increases the incentive to stake massively. Good news!

EDIT: A source: https://www.btc-echo.de/news/staking-bundesfinanzministerium-bringt-deutsche-krypto-regulierung-ins-rollen-140154/

submitted by /u/freistil90
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