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Sorry, but I'm aware how it works in my country and the taxable event is only when you exchange into fiat, service or a physical object. Example for Poland: ht
by krzyk 4y ago
Sorry, but I'm aware how it works in my country and the taxable event is only when you exchange into fiat, service or a physical object.
Example for Poland: http://lexplorers.pl/en/polish-taxation-rules-virtual-currency-exchange/ http://lexplorers.pl/en/polish-taxation-rules-virtual-curren...
German law is even better, you don't pay any tax for selling digital currencies if you hold it for at least a year.
- maccard 4y agoMy reading of that article is not the same as yours. It clearly state dthat gains due to crypto are to be taxed at 19% - the CGT rate. > German law is even better, you don't pay any tax for selling digital currencies if you hold it for at least a year. That's absolutely not the case - gains are treated as income if held over a year, not tax free. Coinbase has a really solid article on it [0] [0] https://help.coinbase.com/en/coinbase/taxes-reports-and-financial-services/taxes/taxes-for-german-customers https://help.coinbase.com/en/coinbase/taxes-reports-and-fina...
- krzyk 4y agoThanks I wasn't aware that Germany has such taxes. As for Poland see Google translate page of official guidance from goverment: https://www-podatki-gov-pl.translate.goog/pit/rozliczenie-ze-sprzedazy-kryptowalut/?_x_tr_sl=pl&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp https://www-podatki-gov-pl.translate.goog/pit/rozliczenie-ze... I poked around on Google and it looks like it is similar to France where crypto swap is also not taxable. (but I don't pay taxes there so it might be more complicated).