Field help:
(2023)
Designation of the currency or token sold
Enter here a name for the virtual currency or token that you have sold. The most important virtual currencies include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Cardano (ADA)
- Solana (SOL)
- Ripple (XRP)
- Polkadot (DOT)
- Dogecoin (DOGE)
- Litecoin (LTC)
- Chainlink (LINK)
- Stellar (XLM)
- Bitcoin Cash (BCH)
- Tezos (XTZ)
- EOS (EOS)
- Monero (XMR)
Cryptocurrencies can be the subject of a private sale transaction in accordance with section 23 para. 1 no. 2 of the Income Tax Act (EStG). This means for transactions that take place in private assets: Capital gains arising from the exchange or re-exchange of bitcoins etc. into Euro or another cryptocurrency are deemed to be a taxable speculative transaction if the acquisition and exchange take place within one year. A gain remains tax-free (only) if it remains below the exemption limit of 600 Euro.
For private individuals, the sale of acquired Bitcoin etc. is tax-free after one year. The time period is not extended to ten years even if, for example, bitcoins were previously used for lending or the taxpayer has provided Ether to another person as a stake for their block creation.
The Federal Ministry of Finance has published a letter that comprehensively regulates the income tax treatment of virtual currencies and other tokens (letter of the Federal Ministry of Finance dated 10.05.2022).
