Crypto Trading

TAXES ON CRYPTOCURRENCIES in GERMANY with 3 EXAMPLE CASES – TAX CONSULTANT – ENGLISH

TAXES ON CRYPTOCURRENCIES in GERMANY with 3 EXAMPLE CASES – TAX CONSULTANT – ENGLISH

TAXES ON CRYPTOCURRENCIES in GERMANY with 3 EXAMPLE CASES – TAX CONSULTANT – ENGLISH

How Crpytocurrencies are Taxed in Germany and how the taxes are levied on the profits with practical examples
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0:00 Introduction
0:40 Shortax Introduction
0:52 Is Cryptocurrency Taxable?
1:56 How to Prove the profits?
2:57 Tips
3:43 How high is the TAX on Crypto Profits?
4:37 – Example-1
5:21 – Example-2
6:04 – Example-3
6:37 – Documents required
8:02 – Book an Appointment

#cryptocurrencytax #taxesingermany #taxes #cryptogermany #vanakkamgermany #buycrypto #cryptotax #bitcointaxgermany

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19 Comments

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  2. What if I continue to mine BTC for 10 years and then stop mining. And after waiting for more than 1 year I sell it. Will it also be tax free then or will it be taxable?

  3. I have a question regarding crypto that gives reflections like saitama for example (2 percent of each transaction is going to the pool of holders ). Is this already considered as staking ?
    Or can I also sell this crypto after one year holding without paying taxes?

  4. Great summary!

    What happens if you transfer your crypto holdings to a family member outside of EU, that's assuming no previous trade has been done in Germany. E.g. if one buys a number of coins and holds them for a time then transfers them to someone else who doesn't live in EU. Does that trigger any taxable event?

    Thanks!

  5. Hi, I have a question on crypto taxes specially when someone stakes.

    Say, I bought 1btc worth 2k in 2016 and staked it. Now the coin in 2021 is worth 50k. Do I pay tax on the gains from the 1btc ie 48k because the taxation period increased to 10 years?

    Conversely, if I sold the 1btc in 2016 itself for 5k, I would pay a cap gains tax on 3k right?

    If I sold the 1btc in 2018 for 20k, I would pay tax on 18k profit? But if I rebought at the same price in 2018 and held without staking until 2021, then no taxes to pay in 2021 if I sell?

  6. Nice video!!! Very engaging from the beginning to end.nevertheless business and investment are the easiest way to make money irrespective of which part you came from.

  7. Me again, according to your video I have to pay taxes if I make profit more than 600€ and I didn't hold my crypto for 1 year. How about this if I make profit less than 600€ and didn't hold it for 1 year and sell it servaral times. My question is can I sell my crypto servaral times with profit less than 600€? Or i can make profit less than 600€ per month or per year without taxes?

    Thank you for your advice

  8. Hi there, what of the case where you buy Crypto for 3000 and now it cost 3700 but you take out only your capital which is 3000 without the 3700 interest? Is that taxable? Thank you in advance

  9. That would be great to address these two questions?
    1.if your trade profit exceeds 600 euro lets say 2000, will the whole 2000 euro be taxed or only the exceeded amount (1400) will be taxed?
    2.is there any cryptocurrency platform in Germany which calculates the tax and deduct it automatically without us having to file the tax on our own (something like what trade republic does for the stock capital gains)?

  10. I have been searching for tax declaration so long and now I find your video. Thank you guys for useful information and I am now confident to invest my beloved Bitcoin in Germany.

  11. Investing successfully in Cryptocurrency requires the expertise of a professional trader that is why i have made profit since i
    started trading with Mrs Josephine Donaldson she is the best.

  12. What if you came to Germany from India in 2019 – And you started trading in 2014 – and you have 0.5 BTC when you came to Germany and sold 0.1 BTC in the middle of 2019 – example 2019 June or sth.

    Do you have to give the TAX advisors also documents from before 2019? So before you came to Germany? Could you maybe ask Vinzenz that as well? Or could you maybe answer that? πŸ™‚

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