Eleonora
Sat Jun 08 2024
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6 answers
729
How to avoid crypto tax in Germany?｜. The 600€ is an exemption limit. This means that as soon as you exceed it by one euro, you have to pay tax on the entire profit (i.e. already from 601€). The counterpart to the exemption limit is the tax-free amount.Your profits from cryptocurrencies are tax-free if they are less than 600€ per year
Could you elaborate on how to circumvent crypto taxes in Germany? I understand there's an exemption limit of 600€, but what happens if I go over that by even a small amount? Does the entire profit become taxable, even if it's just slightly above 600€? And what about the tax-free amount? How does that work? If my crypto profits are less than 600€ per year, do I really not have to pay any taxes on them? I'm trying to understand the nuances of this system and how to navigate it effectively.
