PulseRider
Sat Jun 08 2024
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6 answers
1606
What is the tax on crypto in Germany?｜In Germany, cryptocurrency income and . Long-term capital gains are tax-free. Crypto-to-crypto trades are considered taxable disposals. You'll pay tax if you've held your cryptocurrency for less than 12 months.short-term capital gains are taxed between 0-45%
Could you please clarify the tax regulations on cryptocurrencies in Germany? I've heard that long-term capital gains are tax-exempt, but what exactly constitutes a long-term holding? Additionally, how are crypto-to-crypto trades taxed? And if I hold my cryptocurrency for less than 12 months, what would be the tax rate on my short-term capital gains? It seems there's a range of 0-45%, but how is that determined? Thank you for your assistance in understanding this complex matter.
CryptoWanderer
Sat Jun 08 2024
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5 answers
1175
Can I use Binance in Germany?｜Is Binance legal in Germany? .No.
Can you clarify for me, please? I've heard a lot about Binance, but I'm not entirely sure if it's legal to use in Germany. Is it permitted for residents of Germany to utilize Binance for cryptocurrency transactions? I've read conflicting information on this topic and would appreciate a straightforward answer. Is it a straightforward "no", or are there certain conditions or restrictions that apply? Thank you for your assistance in clearing this up for me.
Leonardo
Sat Jun 08 2024
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6 answers
1710
Is Binance illegal in Germany?｜Is Binance legal in Germany? No. .Binance withdrew services from Germany in 2023 due to issues with the regulatory environment
Is Binance illegal in Germany? It's a question that's been causing quite a stir recently. After all, Binance is a major player in the cryptocurrency world. But the answer, it seems, is yes. Binance withdrew its services from Germany in 2023, citing issues with the regulatory environment. This move has left many Germans scratching their heads, wondering if Binance is indeed illegal in their country. But what does this mean for German cryptocurrency enthusiasts? Are there other options available? And how does this affect the wider crypto landscape in Germany? Let's delve into these questions and try to find some answers.
Lorenzo
Sat Jun 08 2024
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5 answers
1190
How much tax do I pay in Germany for cryptocurrency?｜What are the crypto tax rates in Germany? Germany offers attractive tax treatment of individual long-term cryptocurrency holdings. Short-term crypto tax in Germany is subject to regular income tax rates, .up to 45% plus the 5.5% Solidarity Tax
Could you please elaborate on the taxation policies for cryptocurrency in Germany? I'm curious about the specific tax rates applicable to long-term and short-term crypto holdings. Also, I'd like to know if there are any additional taxes or surcharges, such as the Solidarity Tax, that might be imposed on crypto-related income. Could you provide a breakdown of these taxes and how they might impact my total tax liability?
CryptoElite
Sat Jun 08 2024
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7 answers
1064
Can I move to Germany to avoid crypto tax?｜Germany: no tax if you hold Bitcoin for one year Instead, Bitcoin and altcoins are considered private money. This distinction is important since private sales bring tax benefits in Germany. According to rule 23 EStG, .private sales that do not exceed 600 euros are tax exempted
Could you please clarify, is it possible to relocate to Germany solely to evade cryptocurrency taxes? I've heard that Germany offers tax exemptions for holding Bitcoin for a year, considering it as private money. This seems like a significant benefit, as private sales under 600 euros are tax-free according to rule 23 EStG. Would this be a viable strategy for tax avoidance? Or are there other factors I should be aware of before making such a decision?
