Germany's Finance Ministry said private individuals won't have to pay taxes when selling BTC or ETH if they have held the assets for more than a year.
Germany’s Finance Ministry said private individuals won’t have to pay taxes when selling BTC or ETH if they have held the assets for more than a year.
After collaborating with the highest tax authorities of the federal states, the lawmakers decided to make the sale of BTC and ETH tax-free if those assets were held for over 12 months. The policy will apply even if the cryptocurrencies have been employed for staking/lending.Previously, digital assets used in such activities had to be held for ten years to be exempt from taxation.
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