How to Pay Zero Taxes in Germany and Risks | European Blockchain Convention 9

In this fireside session, the speakers delve into strategies for minimizing taxes on crypto earnings in Germany.

Matthias shares crucial insights into the country's tax laws, underlining that private individuals holding crypto for over a year enjoy the benefit of zero taxes. This becomes an appealing option for investors aiming for tax efficiency in their crypto ventures. Moreover, he emphasizes the potential tax savings for individuals contemplating relocation to Germany, particularly those from countries with higher tax rates.

However, Matthias issues a cautionary note, explaining that individuals seeking tax benefits must establish the center of their lives in Germany, necessitating at least a day of residence before realizing crypto profits.

The discussion further explores the nuances of thresholds for private investors and draws distinctions between private and commercial status. Matthias highlights that selling security tokens or extensively engaging in NFT transactions could impact tax obligations. To mitigate potential VAT concerns, the speaker's advice considering periodic NFT sales.

This fireside session not only provides valuable insights into tax-efficient strategies but also addresses considerations for individuals looking to navigate Germany's crypto-friendly tax landscape.

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Speakers:
Dr. Christoph Wronka | Deloitte
Matthias Steger | Steger Consulting

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