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Germany MOF Clarifies Tax Treatment of Digital Currencies for Individual Income Taxpayers – Bloomberg Tax


The German Ministry of Finance May 10 posted online Letter No. 2022/0493899, clarifying the tax treatment of digital currencies for individual income taxpayers. Topics covered include: 1) explanations of digital currency terms such as tokens, blockchains, master nodes, wallets, keys, and airdrop; 2) acquisitions of units of a digital currency within the framework of block creation; 3) initial coin offerings and digital currency lending; 4) classifications of income tax treatment for business and private assets; and 5) the determination of capital gains resulting from digital currency sales. [Germany, Ministry of Finance, 05/10/22]

Reference:
View Letter No. 2022/0493899. View Announcement …



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