Germany Announces: No Tax On Crypto Sales For Investors Holding For 1 Year
1 min read
While the crypto world is going crazy, Germany publishes a crypto sale tax guide. According to Katja Hessel, German Parliamentary State Secretary, crypto traders can get tax exemption benefits on the sale of digital currencies. Furthermore, if they have held onto their assets for one year or more, they will not have to pay taxes on the money they make from the crypto sales.
The Federal Finance Ministry of Germany issued 24 pages of guidelines defining blockchain technology ideas like airdrops, staking, masternodes, mining, and tax charges against sales and purchases of cryptocurrencies. If someone doesn’t have to do anything to receive an airdrop, they won’t have to pay income tax on it.
Do you believe that this new rule will make life easier for a crypto investor?
submitted by /u/SwapzoneIO
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