Cryptocurrencies are now widely used as a means of payment or for investment purposes. However, they can also be used as remuneration, offering great potential for employers and employees alike, but also posing many risks and challenges. The following article focuses on the tax implications of cryptocurrency as remuneration.
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Proof of funds for crypto: Why comprehensive crypto documentation is becoming increasingly important
Would you like to sell cryptocurrencies and transfer the proceeds to your account?
It doesn’t necessarily sound like a problematic process, but it can become a major challenge, keyword: crypto proof of origin or proof of funds. As the crypto market becomes increasingly regulated, this proof is becoming more and more important. In the following article, we will show you why proof of funds may be required for crypto, what it must contain and how you can best prepare for it.
Obligations for crypto investors to cooperate tightened: This is what the BMF is now specifically calling for
In a letter dated 6 March 2025, the Federal Ministry of Finance (BMF) clarified its position on the taxation of crypto assets and tightened key points. Particular emphasis is placed on the taxpayer’s obligations to cooperate, which have often been underestimated in the past. Anyone who trades in cryptocurrencies or otherwise generates income from digital assets now has a significantly greater responsibility to disclose all tax-relevant information to the tax office in full – regardless of the platform on which the trading took place.
Continue ReadingTaxation of ICOs
As an innovative way to raise capital in the blockchain space, ICOs offer numerous opportunities but also raise tax and regulatory issues. This post gives you an overview of the tax aspects of ICOs from a private and business perspective and shows how to avoid tax pitfalls.
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