Cryptocurrencies: Profits from sales are subject to income tax
Have you made profits from the sale of cryptocurrencies? Then you must pay tax on them. In a ruling dated November 25, 2021, published on February 25, the Cologne Fiscal Court ruled that Bitcoin, for example, constitutes „other assets“ within the meaning of the Income Tax Act. An appeal to the Federal Fiscal Court is pending. In the specific case, the plaintiff had previously acquired at the beginning of 2017
