Odaily Planet Daily reports: Bitcoin News posted on X that, according to WELT, the German Ministry of Finance is drafting a tax reform proposal to tax gains from Bitcoin and other crypto assets purchased after December 31, 2026, eliminating the current holding period exemption. Existing holdings will continue to be governed by the current rules, which exempt sales after a holding period of typically more than one year. The related legislation is planned to take effect in 2027, with the first tax withholdings potentially beginning in 2028. The draft is still in an early stage and may be subject to further changes.
Germany to End Tax Exemption for Bitcoin and Crypto Assets Held Long-Term After 2027
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Summary
Bitcoin breaking news: Germany’s Ministry of Finance is drafting a tax reform to eliminate the long-term tax exemption for Bitcoin and other crypto assets. Profits from purchases made after December 31, 2026, will be subject to taxation. The current rule permitting tax-free sales after one year will no longer apply. The new law is expected to take effect in 2027, with first deductions potentially occurring in 2028. The proposal is still in early stages and may be revised. Bitcoin news indicates this reform could affect long-term holders.
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