How Coinpanion's Portfolios Are
Tax Optimised
Germany
In Germany, cryptocurrencies count as other assets. The sale of cryptocurrencies is considered a private disposal transaction and tax must be paid on the profits at the personal income tax rate. Profits remain tax-free up to the exemption limit of €600.
Profits can be offset against losses and thus reduce the tax burden. This can also happen retroactively. For example, if you made profits in 2020 and losses in 2021, you can offset the loss of 2021 against the profits of 2020 and thus reduce the tax burden retroactively. The same applies ex tunc (loss in 2021 can be claimed for 2022) as well as within one year (e.g. Ethereum loss is offset with Bitcoin profit).
To keep your tax burden as low as possible, Coinpanion offers an automated solution to realise losses in the short term to reduce taxable profits.
More information on taxation in Germany can be found directly at the Federal Ministry of Finance:
Austria
In Austria, cryptocurrencies, similar to e.g. shares, are taxed with the capital gains tax (KeSt) of 27.5%. This means, for example, that you have to pay 275 euros in taxes on a profit of 1,000 euros.
More information on taxation in Austria can be found directly at the Federal Ministry of Finance:
The Austrian Federal Ministry of Finance >
For German Companies
Depending on the legal form of the company, the profits earned are subject to income tax (sole proprietors and partnerships) or corporation tax (GmbHs, AGs, etc.), as well as trade tax in each case.
You can find more information on taxation in Germany at our partner Blockpit:
Other Countries
If you are not a resident in Austria or Germany, you can find more information on the taxation of cryptocurrencies under the following links: