common-close-0
BYDFi
Trade wherever you are!

Is there a tax exemption for long-term cryptocurrency holdings in Germany?

avatarbader alsarhanDec 27, 2021 · 3 years ago7 answers

I heard that Germany has favorable tax policies for long-term cryptocurrency holdings. Is it true? Are there any tax exemptions for holding cryptocurrencies for a certain period of time in Germany?

Is there a tax exemption for long-term cryptocurrency holdings in Germany?

7 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, Germany does have tax exemptions for long-term cryptocurrency holdings. According to the German tax law, if you hold your cryptocurrencies for at least one year, any profits you make from selling them will be tax-free. This means that you won't have to pay any capital gains tax on your cryptocurrency investments if you meet the holding period requirement.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! Germany offers a tax exemption for long-term cryptocurrency holdings. As long as you hold your cryptocurrencies for at least one year, you won't have to pay any taxes on the profits you make when selling them. It's a great incentive for long-term investors in the cryptocurrency market.
  • avatarDec 27, 2021 · 3 years ago
    Yes, there is a tax exemption for long-term cryptocurrency holdings in Germany. According to the German tax code, if you hold your cryptocurrencies for at least one year, any gains you make from selling them will be tax-free. This exemption applies to both individuals and businesses, making Germany an attractive destination for cryptocurrency investors.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, confirms that there is indeed a tax exemption for long-term cryptocurrency holdings in Germany. If you hold your cryptocurrencies for at least one year, you can enjoy tax-free profits when you sell them. This exemption is a great advantage for investors looking to maximize their returns.
  • avatarDec 27, 2021 · 3 years ago
    Yes, Germany offers a tax exemption for long-term cryptocurrency holdings. If you hold your cryptocurrencies for at least one year, any gains you make from selling them will be exempt from taxation. This favorable tax policy encourages long-term investment in the cryptocurrency market and attracts investors from around the world.
  • avatarDec 27, 2021 · 3 years ago
    Definitely! Germany provides a tax exemption for long-term cryptocurrency holdings. If you hold your cryptocurrencies for at least one year, you won't have to worry about paying taxes on the profits you make when selling them. It's a fantastic opportunity for investors to grow their wealth without the burden of taxes.
  • avatarDec 27, 2021 · 3 years ago
    Yes, there is a tax exemption for long-term cryptocurrency holdings in Germany. If you meet the one-year holding requirement, any gains you make from selling your cryptocurrencies will be tax-free. This exemption is a significant advantage for investors and contributes to Germany's reputation as a cryptocurrency-friendly country.