Germany Publishes First Nationwide Tax Guide for Crypto

Germany Publishes First Nationwide Tax Guide for Crypto


In addition, according to the guide, income tax doesn’t apply when redeeming utility tokens, the crypto assets that give a particular right, such as access to a network or to receive a certain product. The finance ministry cited a 2018 court judgment concerning bearer bonds to say redeeming the tokens doesn’t count as a sale under income tax law.

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