Germany: Crypto Industry Slams Tax Reform Ahead of October 14 Cabinet Vote
- —Draft scraps the one-year tax-free holding period for crypto bought after December 31, 2026
- —Associations had six calendar days to comment, including a weekend and German Unity Day
- —Without purchase data, tax is withheld on 50% of proceeds versus 30% for securities
- —Tax adviser Steger: selling BTC bought for €38,000 at €40,000 would see €5,275 withheld instead of €527.50
Why it matters: The reform would hit every private crypto holder in Germany: without proof of purchase date and price, withholding multiplies and refunds come only via tax assessment.
Source: CryptoTicker