What is the current tax rate for Germans who invest in cryptocurrencies?

1 answers

• Nov 29, 2021 · 3 years ago
  The current tax rate for Germans who invest in cryptocurrencies is determined by their individual tax bracket and the holding period of the cryptocurrencies. In Germany, cryptocurrencies are treated as assets and are subject to capital gains tax. If you hold your cryptocurrencies for less than one year, the gains will be taxed at your regular income tax rate. However, if you hold your cryptocurrencies for more than one year, the gains will be subject to a reduced tax rate of 25%. It's important to keep accurate records of your cryptocurrency transactions and consult with a tax professional to ensure compliance with the latest tax regulations in Germany.
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