3 ms·
They are treated like ordinary everyday things, like shoes, pants or silverware, not as investments. edit edit: I have to reinvestiage again... I messed up twi
by ketzu 4y ago
They are treated like ordinary everyday things, like shoes, pants or silverware, not as investments.
edit edit: I have to reinvestiage again... I messed up twice already in correcting myself
final edit: Until further notice, I stand by the claim that cryptocurrencies are treated as collectibles and other non-everyday assets for tax purposes in germany. The original statement was, however, a wrong oversimplification.
They are not actually "everyday items" as those would be tax free i reselling according to [1] which lists as "everyday items" that are tax free for resale: baby clothes, books or private cars. They list as non "everyday items" that are taxed (to some degree) on gains: Limited sneakers or handbags, rarities and collectables, jewlery, precious metals and antiquities.
[1] https://taxfix.de/steuertipps/ebay-steuern-zahlen-privat-oder-gewerblich/ https://taxfix.de/steuertipps/ebay-steuern-zahlen-privat-ode...
- Cthulhu_ 4y agoCitation needed, I'm 99% confident they're classified as investments worldwide now.
- deleted 4y ago[deleted]
- ketzu 4y agoSo, I spent some time now to not just find sources that verify my own opinion, but also some that discuss the possibile changes. My previous opinion: Cryptocurrencies are treated similar to PS5s and rare sneakers [1]. [2] says: > Kryptowährungen sind kein gesetzliches Zahlungsmittel. Vielmehr werden sie – zumindest im Ertragsteuerrecht – als immaterielle Wirtschaftsgüter betrachtet. Cryptocurrencies are intangible assets. This is confirmed by courts in 2021 at least [3] and rephrased by others [4]: > Virtuelle Währungen zählen rechtlich nicht als (Fremd-)Währung oder Kapitalanlage, sondern als sonstige Wirtschaftsgüter. Austria changed their laws recently [5] classifying cryptocurrencies as investments and charging capital gains taxes. [6] discusses in decembre 2021 that it is unlikely that germany will follow this. This seems to hold as [7] from april this year also states: > Der Handel mit Kryptowährungen wie Bitcoin ist in Deutschland steuerlich dem Handel mit Kunstwerken und anderen Wertgegenständen gleichgestellt. Es gelten die gesetzlichen Vorgaben zum privaten Veräußerungsgeschäft nach Paragraf 23 Absatz 1 des Einkommensteuergesetzes. I also can't find any changes to classifying crypto as investments in germany, so I'd ask you in return: Please provide a citation so I can update my knowledge. [1] https://taxfix.de/steuertipps/ebay-steuern-zahlen-privat-oder-gewerblich/ https://taxfix.de/steuertipps/ebay-steuern-zahlen-privat-ode... [2] https://www.winheller.com/bankrecht-finanzrecht/bitcointrading/bitcoinundsteuer/besteuerung-kryprowaehrungen.html https://www.winheller.com/bankrecht-finanzrecht/bitcointradi... [3] https://www.haufe.de/steuern/rechtsprechung/veraeusserungsgewinne-bei-kryptowaehrungen-sind-steuerpflichtig_166_557090.html https://www.haufe.de/steuern/rechtsprechung/veraeusserungsge... [4] https://www.smartsteuer.de/online/steuerwissen/kryptowaehrung-und-steuererklaerung/ https://www.smartsteuer.de/online/steuerwissen/kryptowaehrun... [5] https://futurezone.at/digital-life/krypto-steuer-gesetz-oesterreich-oekosoziale-steuerreform-bmf-verlustverrechnung-bitcoin/401843035 https://futurezone.at/digital-life/krypto-steuer-gesetz-oest... [6] https://www.cmshs-bloggt.de/steuerrecht/ertraege-aus-kryptowerten-bald-auch-in-deutschland-kapitaleinkuenfte/ https://www.cmshs-bloggt.de/steuerrecht/ertraege-aus-kryptow... [7] https://www.computerbild.de/artikel/cb-Tipps-Internet-Bitcoin-Steuern-2021-2022-25520329.html https://www.computerbild.de/artikel/cb-Tipps-Internet-Bitcoi...
- codethief 4y agoYour comment should be farther up. Thanks for the research!
- codethief 4y agoThe source is right in the article: Crypto currencies fall under §23 EStG (= Germany's income tax law) which is concerned with selling "ordinary everyday things".