I highly doubt that there's exit taxation, but in case there is one, you should contact a tax consultant in Germany which also checks the taxation rules in your home country. It can be very complicated sometimes. But Germany won't care in what country you were when buying BTC. Your home country could care, but they can't know you made your money with selling your crypto.
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Looking for a crypto-exit strategy
- Thread starter OlegB
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Oh no. You will have to pay exit-tax on your unrealised gains, even if you move to another EU or EEA country. Also on potential company shares.
Have you heard of this? (Verluste aus Termingeschäften nur noch bedingt abzugsfähig. translated)
Also, politicans think about removing the capital gains tax of 25%, thus you would pay up to 42% income tax in the future:
https://www.brokervergleich.de/wissen/expertisen/abschaffung-der-abgeltungsteuer/
There is a reason why folks with crypto assets and traders move OUT of germany.
I can totally understand why traders move to low-tax countries. But until now there's no change for tax-free sales with having had bitcoin or any other crypto currency for over one year. Your source is only relevant for traders and losses.
Indeed. Also in DE, hold for 12 months, no tax. (Staking is a bit more murky here)
... well, there is always the pesky source-of-funds issue that I seem to have stepped in, the tax authorities are happy, the banks, not quite. So don't be me, always track 100% when and where, crypto may be stuck in wallets for a long enough time to not pay tax, but even if 100% legal, above-board and aged-well you can still look like a drug dealer.
Yes - you can't predict the crypto market and I would assume, there is a chance you would rather sell and pay tax than hold. It was just a "bonus" information, to understand how germany works. Losses and tax in this case. 
And like I said, you need to pay 25% on outstanding gains if you want to leave germany. This is new as of 2020, before that there was a "Stundung", so it was not applied - if the country was EU or EEA. Thats the important part.
And like I said, you need to pay 25% on outstanding gains if you want to leave germany. This is new as of 2020, before that there was a "Stundung", so it was not applied - if the country was EU or EEA. Thats the important part.
Just holding it for a year in a wallet is not enough they want you to also show them when you purchased and if you made any trades..and if it doesn't add up you'll have to pay..most of the people I know did trade or at least tried...
When I cashed out I was thoroughly checked eventough it was completely tax free and sitting in my wallet for 3 years...
And I don't know how the law is but what if they have to report to your country where you did not pay taxes..I mean it's a union..
What strage problems people have.
What's the definition of one possessing crypto? Is there a database that matches each bitcoin address to a concreate person? If not, what proves to the goverment that you're the ownder of a certain address and or have a certain amount of crypto?
And more importantly, how would they find it out unless you yourself revealed it to them?
What's the definition of one possessing crypto? Is there a database that matches each bitcoin address to a concreate person? If not, what proves to the goverment that you're the ownder of a certain address and or have a certain amount of crypto?
And more importantly, how would they find it out unless you yourself revealed it to them?
I mentioned multiple times that you need sufficient proof of purchase. You shouldn't move any of your coins when receiving them from an exchange. I'd better keep them in a normal wallet than on an exchange. This way you can always proof that there was only one transaction from your side and that went into your wallet. The blockchain is enough proof then. But the tax authorities might ask additional questions. That will be done manually and then you have to provide proof.
Interesting question. Because in some countries there is indeed a database that matches each bitcoin address to a person. Exchangers from the Netherlands are required to do that by law now. But your current amount of crypto isn't relevant in Germany. No sale means no taxes as long as you didn't stake or generate any rewards with it. But why does it even matter if they find out how much you're having in crypto? That doesn't matter in Germany and relevant is your profit from sales when holding for less than a year.
Bitcoin is not anonymous. The second you buy bitcoin or cashout bitcoins you are leaving traces. There is multiple governments buying information from private companies,
in the efforts of taxing bitcoin tax evaders.
Also already hackers and criminals behind bars after private companies traced them.
I´ve heard about bitcoin mixers. I don´t know how efficient those are.
The second you buy bitcoin nothing happens because one can buy it from an individual, as P2P.
Or, one can get paid in bitcoin and here nothing will happen either.
The only possible threat is when one buys it on a centralized exchange with KYC.
Bitcon isn't anomous, and so what? If I give you a bitcon address, will you be able to tell me who owns it?
but one can.... guess what? Create a new bitcoin address or multiple ones.
It takes 1 second.I still don't get it. I think you don't understand how crypto works. What you claim is similar to thinking that "a person can have only single email, for the rest of his life and is unable to register a new one, nor abandon this current email. And email is uniquely identifies a person. And an email can only be registered and used via gmail, yahoo and other well known email providers." Gibberish or not?
Yea I know and Germany is not the problem almost every country in the eu has a "Wegzugsbesteuerung" and you have to declare that in the original country (otherwise it can be punished retrospectively...)
the problem comes when you want to lets say buy a house with btc...
getting 500k via p2p in cash? is well not the best thing i guess..and getting it from an exchange will only work with kyc...
I don't think you understand how it really works. Yes, you can create new bitcoin addresses and send them there or whatever. The point is that you're the owner of the address the made the transaction. Should you do anything suspicious with it? Probably not, because you bought them with your real name. Sending to mixers is definitely suspicious, but most probably they can't really tell what happened after that. It's suspicious, but not illegal. Exchanging to Monero isn't supicious at all and solves much more problems than mixers could ever solve. I didn't claim anything that you mentioned. I just said that exchangers from the Netherlands are only allowed to withdraw to "verified" addresses that you own by submitting proof.but one can.... guess what? Create a new bitcoin address or multiple ones.
I still don't get it. I think you don't understand how crypto works. What you claim is similar to thinking that "a person can have only single email, for the rest of his life and is unable to register a new one, nor abandon this current email. And email is uniquely identifies a person. And an email can only be registered and used via gmail, yahoo and other well known email providers." Gibberish or not?
I am from Germany and as far as I know it is true that you can convert your BTC to FIAT tax free after 1 year if you have not traded in this timeframe.
To prove this, I would put the coins for 1 year into one address and not move them.
For trading Germany is as far as I know awful. You can not deduct your losses from your profits anymore (only up to 10k/year). This means you can basically end up in debt, even if you do not made any profits.
To prove this, I would put the coins for 1 year into one address and not move them.
For trading Germany is as far as I know awful. You can not deduct your losses from your profits anymore (only up to 10k/year). This means you can basically end up in debt, even if you do not made any profits.
Thank you!
Many thanks to everyone for sharing your suggestions, and ideas with me. There is a lot of new information, and interesting advises.
The UAE option looks the most promising right now from many points of view.
UAE for now is the best route especially as you can also buy real estate there as well.
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