Good morning everyone,
the title basically says it all. I am very happy that the government came up with this. Up until now in Germany was every transaction a taxable event. That meant, every cup of coffee that you bought with bitcoin (i.e. with a Debit Card) had to be taxed.
With this new law there is basically no reason to pay taxes on cryptos at all anymore. Just never convert them to FIAT.
News content for this blog was not planed, but I figured that some news just had to be spread. Especially when they immediately affect me. What they do, since I live in Berlin right now.
Sources:
- https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/
- http://www.bundesfinanzministerium.de/Content/DE/Downloads/BMF_Schreiben/Steuerarten/Umsatzsteuer/Umsatzsteuer-Anwendungserlass/2018-02-27-umsatzsteuerliche-behandlung-von-bitcoin-und-anderen-sog-virtuellen-waehrungen.pdf;jsessionid=9EF6E508980D0578D892EBF293C193B4?__blob=publicationFile&v=1
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