WINHELLER is the official tax partner of ACCOINTING.com for cryptocurrency investors in Germany and can help you with any crypto tax questions

In Germany, no explicit legal provisions are regulating the taxation of cryptocurrencies. The general tax rules apply, although, due to the newness of the assets in question, their application is trivial. Some of the most frequently asked questions derived from the classification of private cryptocurrency trading as private disposal transactions. However, there are still several areas and new technologies that remain unsolved or are controversial in tax law. Here are the answers to seven key questions on crypto tax law. LEARN MORE

Operating a masternode can quickly turn into a commercial activity similar to mining. Tax activities in the area of cryptocurrencies comprise more than just buying and selling Bitcoin, Ether, and Co. In addition to mining, participating in ICOs, and obtain airdrops, users can also operate so-called nodes. This raises the question of what tax consequences do they have and how to deal with them. LEARN MORE

Any purchase or sale of bitcoin or other cryptocurrency is a taxable transaction. Anyone who makes a profit from cryptocurrency will be subject to tax, except during specific retention periods. However, it would be unusual for a buyer to buy all the cryptocurrencies at once and then resell them at the same time. In most cases, the positions will instead accumulate over a certain period and then resold successively. The question arises as to how to calculate the profit or loss of the different sales operations: Fifo or Lifo. LEARN MORE

While in the early days of Bitcoin, hardly anyone thought about the taxation of cryptocurrencies due to a lack of legal knowledge and low prices, the matter became urgent for many since prices soared in 2017. Crypto investors find themselves in a predicament, operating within an unclear tax environment. However, this does not relieve them of the obligation to report any taxable profits to the tax authorities. Anyone who fails to meet this obligation might be guilty of tax evasion. LEARN MORE