While in the US, using bitcoin may trigger a taxable event - Germany, has taken a different stance - it's just like any other currency!
This is a huge signal to the crypto-world. Germany is welcoming users of digital tokens, and could reap quite the benefit. Those with crypto to spend will consider Germany a prime market, and the government will still collect their value added tax on purchases.
Of course, the VAT is nowhere near as burdensome as a capital gains tax.
Check out this Article for more detail :
https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/
Well it seems like its time to move to Germany!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sad that we have to be happy for such small victories. Being delighted that we won't get taxed for buying a damn coffee with crypto. But we all know that our governments are only trying to protect us. Protect us from making any money lol.
Anyway, good game Germany.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Actually VAT in Germany is 19% while capital gains tax in the US is 15% if you make less than 418k per year. And you can defer and lessen some of the payments depending on how you file in the US. So it might be nearly a wash. these governments want their money man.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @funny-gifs interesting post probably it wont cost 1Bitcoin per coffee :-)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
bitcoin may be hit 5K in next month .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wow that high
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That sounds cool . :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
:) yeah but market is too much down .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit