Germany is ending tax-free bitcoin, and cutting the rate for traders
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6 Articles
For Bitcoin savers, the countdown is running: the tax advantage for cryptovalues is to be eliminated. However, the draft contains an exception that leaves investors time to act. WORLD explains what to do – and whether gold savers also have to worry about.
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Cryptocurrency News | Cryptocurrency Prices | Market CapGermany is ending tax-free bitcoin, and cutting the rate for traders
Everyone is reporting a tax rise. Do the arithmetic and Germany is cutting the top rate for active traders by nineteen points, from 45% to 26.375%. The people getting hit are the ones who buy and sit on it, which until now was the whole point of holding crypto in Germany.
Germany is preparing to remove the tax exemption it gives to crypto assets held for more than a year. The Treasury Department's draft moves crypto gains to a fixed capital income tax, which is applied on stocks and dividends. The draft increases the burden on long-term investors, while reducing the proportion of active traders who pay high income taxes.
Until now, a simple rule has applied to crypto investors: those who hold their digital currencies for more than twelve months can collect profits tax-free. Federal Finance Minister Klingbeil wants to abolish this rule. There are further plans as well. This article, "Millions of savers affected: How the crypto tax is to be expanded," was published on JUNGE FREIHEIT.
Germany prepares a 25% crypto tax since 2027 and eliminates the 12-month exemption. It will affect the holders of Solana who purchase SOL from that date. The entry The crypto tax in Germany: 25% to the capital gains since 2027 and eliminates the 12-month exemption appears first on Merca2.
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