The German Finance Ministry has formulated a tax reform proposal to abolish the tax exemption based on the holding period for cryptocurrency gains. This was reported by the German newspaper Welt on the 8th, based on a draft bill from the Finance Ministry, and confirmed by the economic newspaper Handelsblatt.
Under the current system, cryptocurrency gains are tax-exempt if held for more than 12 months, while gains from holdings of less than 12 months are subject to income tax of up to 42%. The new system proposes to eliminate the holding period requirement...
