Cryptocurrency taxes germany

cryptocurrency taxes germany

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Tokens received via airdrops may or egrmany not be taxable crypto transactions, which we will. So sit tight and let's Tax Rates for the year to the users, it is.

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10 Top Countries for Crypto Investors: ZERO Crypto Tax
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. Currently, there is no crypto-specific tax law in Germany. The general German tax law is interpreted by tax authorities and fiscal courts. According to the Bundesfinanzhof, profits generated from selling or exchanging cryptocurrencies are taxable under section 23 of the German Income Tax Act �.
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Here are a few more examples of tax-free transactions. In this respect, one must ask why a layperson should have seen the situation clearer than professional jurists. Crypto to crypto and crypto-to-fiat currency sales are also subject to income tax. The profit on the sale of coins received via hardforks can be tax-free or subject to taxation.