Germany: No Tax Payable on Gains From BTC & ETH Sold 12 Months After Acquisition
📣 #Germany: No Tax Payable on Gains From #BTC & #ETH Sold 12 Months After #Acquisition
👉 Germany’s Finance Ministry has released new #cryptocurrencytax guidelines with #notaxpayable on gains from BTC and ETH sold 12 months after acquisition.
👉 Until the announcement, Germany’s #ITlaw mandated cryptocurrency investors/traders to hold their assets for a period of at least ten years in order to receive an exemption from #tax.
👉 The gains generated from the sales of these cryptos after a year of not selling them will be considered tax-free across Germany.
👉 This benefit also extends to the assets invested in lending and #staking protocols as well as #mining, hard forks, and #tokenairdrops.
Learn more…👇
#GokuMarket #BlockchainEconomy #Taxguidelines #Airdrop #Cryptos #GermanyFinanceMInistry #Exchange #Blockchain #Crypto #NoTax
