With the cryptocurrency markets in deep fluctuation, a new guide has been published in Germany.
The German Ministry of Finance published the country’s first cryptocurrency tax guide today.
State Spokesperson of the Parliament Katja Hesse stated that individual investors will be able to sell their Bitcoin and Ethereum they hold tax-free after a year.
In the statement made by the ministry, it was stated that the guide published in detail covers how to tax issues such as cryptocurrency mining, lending, hard fork and airdrop.
Details have not yet been revealed.
Countries are very interested in cryptocurrencies. Especially the tax issue is one of the most curious subjects of individual investors. According to the statement, Germany will not tax Bitcoin and Ethereum held for investment purposes, provided that they are kept for 1 year.
How Turkey will tax cryptocurrencies and tax rates have not yet been clarified. The government recently stated that the crypto money law would come to the Parliament. However, there is no draft law that has been shared with the public yet.