Investment: Klingbeil's Crypto Plans in Detail: Investors Face Higher Taxes on Bitcoin Earnings
The Ministry of Finance plans to tax profits from cryptocurrencies with the flat tax. Without precise documentation of all data, it could become expensive for investors in the future.
Frankfurt - Finance Minister Lars Klingbeil (SPD) is set to introduce new rules for cryptocurrency investors, threatening higher taxes on Bitcoin, Ether and other digital asset earnings. Starting from the first day of profit generation, a 25 percent income tax, along with the solidarity surcharge and possible church tax, will apply.
Coins purchased before December 31, 2026, will enjoy protection from being resold. Currently, profits were tax-free after holding for a year. Prior sales required paying taxes on gains based on personal income tax rates, which could reach up to 45 percent. The idea of a withholding tax on Bitcoin and other cryptocurrencies was proposed by Klingbeil in the summer.
The draft, seen by the Handelsblatt, is a precursor to a broader "referent draft." Further changes are possible in the legislative process. In their current form, the plans could catch crypto investors off guard.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
