Germany: Parliamentary inquiry declares Bitcoins tax-exempt after one year holding time

“Thus, the digital money from the Treasury treated differently than, for example, stocks, bonds or certificates. All of these asset classes are subject to withholding tax of 25 percent plus solidarity surcharge and church tax. In bitcoins falls after a holding period of one year on the other hand, no such tax.   The tax exemption of capital gains in Bitcoins findings of a parliamentary inquiry that has provided to the federal government the FDP financial expert Frank Schaeffler and the ‘world’ exists. ‘It is good that investments in Bitcoins is finally legal certainty. Private profits from the sale of Bitcoins are tax-free after one year,’ said Schaeffler.”

http://www.reddit.com/r/Bitcoin/comments/1h626h/germany_bitcoins_taxexempt_after_one_year_holding/

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