A new law on the taxation of cryptocurrencies will come into force on March 1, 2022. From then on, profits from Bitcoin, Ethereum & Co. have to be taxed on every sale, even if this sale only takes place after a holding period of more than a year. For this, you only pay 27.5 percent capital gains tax and no income tax, as was previously the case with a holding period of up to one year.
Gamers can be happy, and the new regulation is unpleasant for the so-called holders who have held Bitcoin for years. This does not apply to cryptocurrencies acquired by February 28, 2021, i.e., one year before the new regulation came into force. They can still be sold tax-free after a year and a day's holding period.
Crypto versus crypto
There is also a relief: You can exchange crypto for crypto without incurring tax liability in the future. So if you sit on high Bitcoin profits, swap your Bitcoin for Altcoins and lose everything with them, you don't pay any tax. The profit from the entire investment is taxed only when the cryptocurrency is exchanged for euros.
Tax liability is triggered when you spend your cryptocurrencies, i.e., exchange them for goods and services: It's like selling digital coins.
Current income from cryptocurrencies (such as interest or "mining") is also considered crypto income and is subject to the tax of 27.5 percent.
Another good news: In the future, crypto profits and losses can be offset with earnings from losses on stocks, bonds, and securities. However, only if they occur in the same calendar year. Dividends can also be used to compensate, but not savings account interest. @ bitcoin.org.
