Germany is a country of bureaucracy. Without corresponding bureaucratic effort, he quickly makes his way through the illegal ways in Germany. Therefore, you should be careful not to break any rules, especially when trading crypto from your own company. Otherwise, you may have to quickly file heavy tax returns or the like.
How do I pay taxes on cryptos?
Crypto trading in Germany is subject to laws regarding private sales transactions. Therefore, you can buy crypto via fiat currencies without being taxed.
Even losses may become taxable if cryptos are sold or even exchanged. You should read the issue carefully before taking action.
For example from staking Income from cryptocurrencies that may result from If you prefer to trade futures or margins over crypto, this will get you nowhere. These would be effectively taxed, as would income from capital assets.
Taxes, Bitcoin cryptocurrencies, as they represent capital assets from which income can be generated. Additionally, cryptos are also very typical intangibles that net taxation.
What exactly should be taxed with cryptos is the difference between the purchase price and the selling price. A very attractive rule applies here at the moment: If cryptos are held for more than a year, profits are tax-free. However, this rule can change at any time, meaning income becomes taxable again.
Can the tax office see my crypto trading?
The office can do it if they want. Blockchains basically work in such a way that all entries and exits can be viewed if the address of a wallet is known. So when the agency targets you, you have to be really careful. Numerous tools make it really easy to track your actions, especially for IT professionals.
When shopping, you should keep in mind that buying in fiat currencies is not taxable so that the office is not already tied to you. That's why this method is recommended, there are more tips: finanzen.net
Be the first to comment