Germany’s Federal Ministry of Finance Won’t Tax Bitcoin Payments

News, Regulation | March 1, 2018 By:

Germany’s Ministry of Finance has issued a guidance regarding tax treatment of bitcoin and other cryptocurrencies.

According to the guidance, converting bitcoin and other cryptocurrencies into a fiat currency or vice versa is “a taxable miscellaneous benefit.” But using cryptocurrencies as a method of payment is not taxable similar to using any legal tender.