It was not until 2022 that the Federal Ministry of Finance published specific instructions for the tax offices on how crypto profits should be taxed.
(Photo: dpa)
Frankfurt Some investors have made a lot of money with Bitcoin and other cryptocurrencies in recent years. Now the supreme German finance court, the Bundesfinanzhof (BFH), has dealt with digital currencies for the first time. It was about the question of whether the profits from the cryptocurrencies have to be taxed. A verdict had not yet been made as of Tuesday.
The judges have not yet expressed an opinion. “It is difficult to read a tendency from the negotiations today as to how the BFH could decide,” reports Werner Hoffmann, Managing Director of Pekuna, who was on site. His company supports customers in the tax processing of their crypto transactions.
Hendrik Arendt from the international law firm CMS Germany, who also counts crypto investors among his clients, knows that the verdict is eagerly awaited: it will affect the broad masses of classic crypto value investors. If the lawsuit were to be dismissed, taxpayers would have legal certainty in identical situations, he said.
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