Bitcoin Taxation in Germany - Cryptocurrency attorneys advise

Taxes on bitcoins investments after 1 year hold in Germany

Hello all, as many of you might know about the german tax low of holding your bitcoins for at least one year and their capital gain should be tax exempted. My question is: does this include investing these bitcoins after one year or lending them for an interest after holding period will also exempt the interest from being taxed? Or this would on contrary extend the holding period to 10 years considering the bitcoins a source of income!?
Example, I have 1 bitcoin is September 2019 and kept it for on year. In say october 2020 I started to lend it for a monthly interest. Not selling it, just lending for whatsoever activity the loaner is performing on my lended bitcoins and sharing a monthly interest. Then should this profit I am getting be taxed?
Would appreciate sharing your experience on this. Regards.
submitted by mindminer20 to bitcointaxes [link] [comments]

how does taxes work for bitcoin in germany?

Sorry of this is the wrong thread but here is my question, i am currently thinking of starting to investing in bitcoin and maybe ethereum using kraken. I am currently based in germany hessen, and i would like to know if i get lucky and get a good profit and i want to withdraw that profit to my bank is there taxes on that?
https://www.nomoretax.eu/bitcoin-tax-haven-germany/
i read on this article that if i keep my bitcoin for one year and then sell it then i would be exempt from taxes but how would germany know? and does it have to in a crypto currecy or can i convert it to euro or other stable currency and keep it on the exchange for one year to avoid taxes?

the senario for the last question is lets say i got 10k from investing and i want to change it to something more stable and wait the year out
submitted by Mr_Tuffaha to Bitcoin [link] [comments]

How do taxes on bitcoin or crypto currencies in Germany work?

I want to look into bitcoin but I am afraid that I don't know how taxes for crypto currencies work here in Germany. Anybody can help me?
submitted by Bamganar to BitcoinBeginners [link] [comments]

Germany Recognizes Bitcoin as Legal Tender, Updates Taxes. Germany’s Ministry of Finance published a guidance report on February 27th stating that they won't be taxing crypto users for using cryptocurrencies as a means of payment.

Germany Recognizes Bitcoin as Legal Tender, Updates Taxes. Germany’s Ministry of Finance published a guidance report on February 27th stating that they won't be taxing crypto users for using cryptocurrencies as a means of payment. submitted by HarveyBirdman3 to btc [link] [comments]

Taxes on Bitcoin & Co. in Austria, Germany and Switzerland

Taxes on Bitcoin & Co. in Austria, Germany and Switzerland submitted by wunderwuzzi_ to Blockpit [link] [comments]

Germany will not impose tax on users for using Bitcoin as a mode of payment

Germany will not impose tax on users for using Bitcoin as a mode of payment submitted by ev1501 to ethtrader [link] [comments]

For all German speaking crypto traders, look what I found, there is a free guide about taxes on Bitcoin & Co. in Austria, Germany and Switzerland!

For all German speaking crypto traders, look what I found, there is a free guide about taxes on Bitcoin & Co. in Austria, Germany and Switzerland! submitted by SlanySorcha to cryptocurrencynews [link] [comments]

Germany won't tax you for coffee with bitcoin!

Germany won't tax you for coffee with bitcoin! submitted by gcarbide to Bitcoin [link] [comments]

Germany: A Surprising Bitcoin Tax Haven (WOW)

Germany: A Surprising Bitcoin Tax Haven (WOW) submitted by bidglide to Bitcoin [link] [comments]

Germany Recognizes Bitcoin as Legal Tender, Updates Taxes. Germany’s Ministry of Finance published a guidance report on February 27th stating that they won't be taxing crypto users for using cryptocurrencies as a means of payment.

Germany Recognizes Bitcoin as Legal Tender, Updates Taxes. Germany’s Ministry of Finance published a guidance report on February 27th stating that they won't be taxing crypto users for using cryptocurrencies as a means of payment. submitted by rage_prone to CryptoCurrency [link] [comments]

Crypto Regulation News: US Congress schedules Sept 24 hearing with SEC, Germany plans to block private stablecoins, France will not tax crypto-to-crypto transactions, Bakkt exchange’s Bitcoin futures see slow start on first day of trading

Crypto Regulation News: US Congress schedules Sept 24 hearing with SEC, Germany plans to block private stablecoins, France will not tax crypto-to-crypto transactions, Bakkt exchange’s Bitcoin futures see slow start on first day of trading submitted by sasha_sh to Paradigm_fund [link] [comments]

Crypto Regulation News: US Congress schedules Sept 24 hearing with SEC, Germany plans to block private stablecoins, France will not tax crypto-to-crypto transactions, Bakkt exchange’s Bitcoin futures see slow start on first day of trading

submitted by cryptoallbot to cryptoall [link] [comments]

Crypto Regulation News: US Congress schedules Sept 24 hearing with SEC, Germany plans to block private stablecoins, France will not tax crypto-to-crypto transactions, Bakkt exchange’s Bitcoin futures see slow start on first day of trading

Crypto Regulation News: US Congress schedules Sept 24 hearing with SEC, Germany plans to block private stablecoins, France will not tax crypto-to-crypto transactions, Bakkt exchange’s Bitcoin futures see slow start on first day of trading submitted by sasha_sh to Crypto_Currency_News [link] [comments]

Selling bitcoin in the US and Germany, do I file taxes in both countries?

I'm an American citizen with an American registered business that sells bitcoin online, but I live in Germany. I sell bitcoin to American customers but I would like to sell to European customers as well. I have a business bank account in Germany. How do I go about paying taxes in Germany where my American business is earning income? Or do I not have to file taxes in Germany because its an American business? Am I perhaps even not allowed to sell bitcoin in Europe because my business is registered in the US? Thanks any advice is appreciated.
submitted by fuckueatmyass to AskLegal [link] [comments]

Paying bitcoin taxes as American living in Germany

I report my capital gains taxes on all cryptocurrencies to the IRS, but now live in Germany for graduate school. I understand that Germany and the US have tax agreements, but I am not sure if I also need to file these gains in Germany where cyrpto's are treated as a currency. Does anyone know how to report these gains? Thanks!
submitted by user3370 to Bitcoin [link] [comments]

Germany: Bitcoins tax-exempt after one year holding time! (link is in german)

Germany: Bitcoins tax-exempt after one year holding time! (link is in german) submitted by anxiousalpaca to Bitcoin [link] [comments]

Germany Won’t Tax you for Buying Coffee with Bitcoin.

Germany Won’t Tax you for Buying Coffee with Bitcoin. submitted by viraj_15 to CryptoCurrencyTrading [link] [comments]

Germany Recognizes Bitcoin as Legal Tender, Updates Taxes. Germany’s Ministry of Finance published a guidance report on February 27th stating that they won't be taxing crypto users for using cryptocurrencies as a means of payment. https://goo.gl/xr1S9h - Crypto Insider Info - Whales's

Posted at: March 5, 2018 at 01:03PM
By:
Germany Recognizes Bitcoin as Legal Tender, Updates Taxes. Germany’s Ministry of Finance published a guidance report on February 27th stating that they won't be taxing crypto users for using cryptocurrencies as a means of payment. https://goo.gl/xr1S9h
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submitted by cryptotradingbot to cryptobots [link] [comments]

Germany will not impose tax on users for using Bitcoin as a mode of payment | The Financial Express

Germany will not impose tax on users for using Bitcoin as a mode of payment | The Financial Express submitted by catzzilla to de_crypto [link] [comments]

Bitcoins are now "legal tender" in germany. It can be used for "tax and trading purposes in the country."

Bitcoins are now submitted by type_your_name_here to Bitcoin [link] [comments]

How exactly to declare taxes on bitcoins in Germany?

Here is my situation: - I am not German but I work there right now - I am domiciled in Germany - have been living there for 7 months this year - I have two wallets, one is investment wallet and another one speculative wallet
Questions: - Can I sell my investment wallet this year and claim tax relief on those bitcoins as they were bought more than a year ago? - Or maybe it is better to wait until 2014 since this will be the year when I was not moving from abroad? - How exactly am I going to prove they were bought year ago? Show trade history from exchange? Show that there were no transfers going into my adress? - Is there any problem if, in the meantime, I was trading on my "speculative" wallet?
thanks in advance!
submitted by bitcoin_air to Bitcoin [link] [comments]

Paying bitcoin taxes as American living in Germany /r/Bitcoin

Paying bitcoin taxes as American living in Germany /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Best Countries for Cryptocurrency Investors (0% Tax ... IRS RELEASES CRYPTO TAX GUIDELINES - BITWISE BITCOIN ETF DENIED How to do your Income Tax Return in Germany  VLOG #10 ... How to Buy Bitcoin in Germany Bitcoin German TV Questions: akzent tv-produktion

In Germany, private sales that do not exceed 600 euros ($654) are tax-free. Businesses, however, are still obliged to pay taxes on gains emanating from bitcoin through corporate income taxes ... That being said, how much Bitcoin tax in Germany should you expect to pay? Income Tax. Unlike some countries, Germany doesn’t have any particular separate Capital Gains taxation policy. However, there are some conditions that require you to pay taxes on the gains received after disposing of assets. The UK treats Bitcoin like a foreign Currency. In Germany, bitcoin sales do not incur a capital gains tax; however, if the investment is held for less than one-year German income taxes apply. Income taxes in Germany are progressive and can be up to 45%. Surprisingly, even Switzerland the land of cryptocurrency, taxes are levied. Germany is taking a completely different approach to cryptocurrencies compared to the United States. As in the US, the Internal Revenue Service considers bitcoin and other cryptocurrencies as property for tax purposes, a simple transaction of cryptocurrencies may be considered a sale of property, thus, subject to capital gains tax. German Flag Germany. Bitcoin has been considered a type of private money since 2013. Although Bitcoin is subject to capital gains tax of 25% in Germany, such a tax is levied only if the profits on Bitcoin are acquired within one year after the receipt of Bitcoin.

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Best Countries for Cryptocurrency Investors (0% Tax ...

In today's video, I'm gonna sharing a list of some of the best countries in the world out there for cryptocurrency investors. In some cases, there are 0% cap... 🔴 Stocks and Bitcoin LIVE : Corona Virus Stock Market Crash 🔴 Ep. 894 Crypto Technical Analysis Mitch Ray 978 watching Live now Crypto Tax Attorney Interview - Duration: 23:50. Germany Won't Tax Bitcoin Users For Using The Cryptocurrency As A Means Of Payment - Duration: 4:50. crypto 832 views. 4:50. Bitcoin supporters promise banking 'revolution' - Duration: ... I suggest to watch it in 1080p. 😂 Buwis buhay na Vlog 😂 Paul Solman speaks with James White, director of tax issues at the Government Accountability Office, about the taxability of Bitcoin. ... Bitcoin drive gains currency in Germany - Duration: 1:59.

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