Bitcoin is legal tender in Germany.
After holding for more than 12 months you can spend #Bitcoin tax free.
Discussion
Freedom ain't free...... yettttt 🇺🇸
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This is indeed impressive. Kudos to the German government.
Still? In Austria they changed the law. It was the same.
I'm not directly affected by it. But I know from many friends there, that it's still the case 👍
very good news! have some sats to save ⚡
Like in el salvador? I cant believe it, do I understand it right?
You can't pay taxes with it. But after holding #Bitcoin for 12 months you can use it with 0% tax obligations. So you can use it to pay everything without any hassle ✌️
In italy 🇮🇹 it's a blood bath
As italian, Lugano would be perfect for you. Check it out - Plan B conference would be the perfect opportunity ✌️
Think twice.
Bitcoin is like a prisoner's money in that case. It means that you have to report every single address to the authorities, for them to decide how long you hold.
Are you always going to be in control in such environment?
As long as you can prove that you owned it for 12 months before selling you're fine -> After 12 months send it to a whirlpool etc. to brake the link and then start spending when needed ✌️
👀 Are you sure?
Mixing just means new address for approx same btc amount. Isn't that a new obtained Bitcoin to the tax office?
What is a taxable event? Holding btc for 12m and a day? Doubt it.
I'd say it's spending it after at least 12 months. But what if you spend it partly?
Taxation is not a simple theft but advanced game where you lose the most.
After 12 months you can do whatever you want without reporting. That's at least what I know. But I'm not an expert as I'm personally not affected ✌️
Source? This is interesting. Just btc or all capital? Is this is a capital gains thing or is it just for Bitcoin? I'm very curious.
Same goes for stonks, if you
hodl for more than 12 months you can sell tax free.
Wtf? How?
This is surprising to me. Thank you.