Germany Crypto Tax Exemption Survived the Bundestag on 8…
By Tobi Opeyemi Amure
AI summary of the source article
The German Bundestag voted to keep the one-year tax-free holding period for crypto. However, a finance ministry draft proposes ending the exemption for coins acquired from 1 January 2027, taxing gains at an effective 26.375%.
Key facts
- The Bundestag rejected an opposition bill to scrap the one-year crypto holding tax exemption by 445 votes to 132 on 8 October.
- A finance ministry draft proposes taxing crypto acquired from 1 January 2027 as capital income at a flat 25% plus a 5.5% solidarity surcharge.
- Under the ministry's draft, platforms would be required to withhold tax at source starting 1 January 2028.
Source excerpt · FinanceFeeds
The Bundestag voted on 8 October to keep the rule that lets investors in Germany sell cryptocurrency tax-free once they have held it for a year. It rejected an opposition bill to scrap the Germany crypto tax holding period by 445 votes to 132, and a second motion failed the same evening. Six days later the Germany crypto tax question returns, at the cabinet table rather than in the chamber. The fi…