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Topic: Somebody from German: is there a some taxes on Bitcoin Income? (Read 166 times)

sr. member
Activity: 389
Merit: 251
Hi all,

Theoretically: If I have an income in BTC transferred into EUR Bank account -> will I need to pay huge taxes in Germany?

Thanks for answers ;-)

Do you mean earned income paid in BTC? Or capital gains income from selling BTC?

With capital gains, it depends how long you held the BTC. In Germany, there is zero capital gains tax when BTC is held for at least one year. When held for less than a year, there is a 600 euro annual tax exemption but after that, regular income tax rates apply.

https://cointelegraph.com/news/crypto-taxation-around-the-globe-what-do-regulations-look-like
https://www.nomoretax.eu/bitcoin-tax-haven-germany/

Thanks for valuable information  Wink
legendary
Activity: 1806
Merit: 1521
Hi all,

Theoretically: If I have an income in BTC transferred into EUR Bank account -> will I need to pay huge taxes in Germany?

Thanks for answers ;-)

Do you mean earned income paid in BTC? Or capital gains income from selling BTC?

With capital gains, it depends how long you held the BTC. In Germany, there is zero capital gains tax when BTC is held for at least one year. When held for less than a year, there is a 600 euro annual tax exemption but after that, regular income tax rates apply.

https://cointelegraph.com/news/crypto-taxation-around-the-globe-what-do-regulations-look-like
https://www.nomoretax.eu/bitcoin-tax-haven-germany/
sr. member
Activity: 389
Merit: 251
Hi all,

Theoretically: If I have an income in BTC transferred into EUR Bank account -> will I need to pay huge taxes in Germany?

Thanks for answers ;-)
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