What are the tax implications and deadlines for cryptocurrency investors in Germany?

1 answers

• OLDFRYEGUYNov 12, 2020 · 5 years ago
  At BYDFi, we understand the importance of being aware of the tax implications and deadlines for cryptocurrency investors in Germany. Cryptocurrencies are considered assets and are subject to capital gains tax. The tax rate depends on the holding period of the cryptocurrency. If you held it for less than one year, the gains are taxed at your regular income tax rate. If you held it for more than one year, the gains are taxed at a reduced rate. The deadline for filing your tax return is usually May 31st of the following year. It's always a good idea to consult with a tax professional to ensure you meet all the requirements and deadlines. Remember, staying compliant is key to a successful cryptocurrency investment journey.
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