However, if you surpass the €600 threshold, you have to pay taxes over the entire amount. Therefore, you will not be taxed if you have made less than €600 in profit from private sales transactions. You have a €600 exemption limit on crypto profits. If you've made over €600 in profits from cryptocurrencies acquired within a year of the sale, then you have to pay taxes-other than trades, you will also be taxed on crypto earned from mining, staking, and lending.
Therefore, your profits are subject to your income tax rate of up to 45%. How are cryptocurrencies taxed in Germany? How much are taxes on cryptocurrency?Ĭryptocurrency trades are private sales transactions. We will review each transaction type and where it should be declared throughout this guide. For crypto, you should be prepared to fill in Anlage SO and, depending on your activity Anlage KAP. July 31st - The deadline to fill in crypto in your tax declaration. January 1st - The online tax portal ELSTER (ELektronische STeuerERklärung) opens The important dates for your cryptocurrency taxes are as follows: In that case, it is greatly appreciated that you let us know by sending an email to or via our support chat at the bottom right corner of our website. Suppose you find any errors or outdated information. It has recently been updated to include “Einzelfragen zur ertragsteuerrechtlichen Behandlung von virtuellen Währungen und von Sonstigen Token” which was published in May 2022. This guide will be updated and maintained regularly to account for changes made by the BFM and BZSt. How to save money on cryptocurrency taxesĭetailed information about different transaction types
What happens if I do not pay cryptocurrency taxes How does the BZSt know about my cryptocurrency Let's see what we'll be covering in this guide. We've compiled this summary of the newly established regulations by the BMF as well as how they would apply to you. Today we will teach you everything you need to know for your crypto taxes in Germany.
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