May 20, 2021
Currently, cryptocurrencies, such as Bitcoin, Ethereum, Ripple, etc., are experiencing a significant boom. If private individuals trade in such cryptocurrencies, i.e. buy them and then sell them on later, no capital income is generated. Rather, it is currently assumed that this is a private sale transaction. However, this has not yet been conclusively clarified.
Gains or losses are recognized for tax purposes as a tax sale transaction if there is a period of less than one year between acquisition and sale. Outside this period, there is no tax recognition. The exchange into another cryptocurrency or the use for payment on the Internet is also considered a disposal.
The following peculiarities apply to the tax recognition of private disposal transactions: