Germany could lose tax-free crypto policy under new ruling coalition

In Switzerland, profits from the trade in cryptocurrencies remain tax-free; Bitcoin and other cryptos only play a role in the property tax. Crypto profits are tax-free in Germany, too, provided that the crypto assets are held for at least one year. For shorter holding periods, up to 45 percent of the profits realised are due. If the Social Democratic Party of Germany (SPD) wants this change.The Social Democrats want new taxes, also for cryptocur…

Germany could lose tax-free crypto policy under new ruling coalition

Germany could lose tax-free crypto policy under new ruling coalition Germany’s Social Democratic Party (SPD) wants to abolish the country’s one-year crypto-holding tax exemptions and replace them with a capital income tax of 30% on all crypto profits. That’s according to a published excerpt of coalition negotiations between the SPD, the Christian Democratic Union (CDU), and the Christian Social Union (CSU). On taxation of capital income, the SPD…

Surprisingly many German crypto investors drop their taxable profits under the table – and thus risk trouble with the tax office. Source: BTC-ECHO BTC-ECHO