German Finance Ministry Reportedly Proposes 25% Crypto Tax Starting 2028
(45 days ago) · 1 source · Summarized by CryptoBipto
Germany's finance ministry has reportedly proposed a 25% flat tax on cryptocurrency gains, with the change set to take effect in 2028. The proposal would replace the current system, under which crypto gains held for more than one year are tax-free. The report indicates the plan is part of broader capital gains tax reforms.
WHY IT MATTERS
When you earn a profit from selling cryptocurrency, most countries require you to pay tax on that profit, similar to how you might pay tax on profits from selling stocks. In Germany, there has been a notable exception: if you held your crypto for more than a year before selling, you owed no tax on the gains. Think of it like a special discount that rewarded patience. This proposal would remove that discount and apply a flat 25% tax on all crypto profits. For people new to crypto, this is a reminder that tax rules vary by country and can change over time, so understanding the tax obligations in your jurisdiction is an important part of owning cryptocurrency.
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- cointelegraph.com
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