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WSB Info: Crypto investors in the focus of the tax authorities - What the new transparency law means now
Even as a crypto investor, you will soon be transparent, because this is how the tax authorities access your user and transaction data and what the Federal Central Tax Office will soon find out about you ...
The Crypto Asset Tax Transparency Act must be passed by the end of 2025. It obliges providers of crypto services to comply with comprehensive reporting, due diligence and documentation obligations:
In future, they will have to report user master data and detailed transaction data to the Federal Central Tax Office every year.
They face fines if they breach their duties.
... and what the tax investigators may already know
The tax investigation in North Rhine-Westphalia is building up further pressure:
The State Office for Combating Financial Crime is currently evaluating a comprehensive data package on tax evasion in connection with cryptocurrencies.
Almost 4,000 tax cases are being processed; the investigations concern crypto investors throughout Germany.
👉 Do you have questions about the tax aspects of crypto transactions? Get in touch with us.
We are happy to assist you and help you with your tax questions and concerns: www.wsb-berater.com/kontakt
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