Germany Plans to Abolish Tax Exemption on New Bitcoin and Other Crypto Assets Purchased After 2027 for Long-Term Holdings

Odaily News: Bitcoin News posted on X platform, stating that according to WELT, the German Ministry of Finance is drafting a tax reform plan to impose taxes on gains from Bitcoin and other crypto assets purchased after December 31, 2026, which will no longer be eligible for the holding period exemption. Existing holdings will remain subject to current rules, meaning they can be sold tax-free after being held for more than one year. The relevant law is scheduled to take effect in 2027, with the first tax withholding possibly beginning in 2028. The draft is still in its early stages and may be subject to adjustments later.