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Calculate Crypto Tax Germany (2023): Free Tax Calculator
What Crypto Transactions are Taxable in Germany?
According to German tax laws, the following crypto-related activities are subject to capital gains tax:
- Selling cryptocurrency
- Trading one cryptocurrency for another
- Spending cryptocurrency to buy goods or services
- Earning cryptocurrency through mining or staking
Calculating Your Taxable Profit
To calculate your taxable profit, you must determine the difference between the purchase price of your cryptocurrency and the sale price. If you acquired your cryptocurrency at multiple times, Germany's tax guidelines recommend using the FIFO (first-in-first-out) method to calculate your profit.
For example, if you bought 1 BTC for €5,000 in 2021 and another 1 BTC for €6,000 in 2022, and then sold 1 BTC for €15,000 in 2023, your taxable profit would be:
- Purchase price: €5,000 (FIFO)
- Sale price: €15,000
- Profit: €10,000
In Germany, cryptocurrency profits are taxed according to the following rates:
- Up to €9,744: 0%
- €9,745 – €55,960: 25%
- €55,961 and above: 42%