No Taxes for Purchases made in Bitcoins in Germany

[Troysen]

Cryptocurrencies has taken yet another huge step forward with Germany exempting taxes on purchases made in Crypto such as BTC. The emphasis was however made that the parties involved had to accept BTC as an alternative form of payment and that it had to be used only for payment purposes.

Still a big step for BTC especially when its facing huge challenges inform government battles over legalization.

https://cointelegraph.com/news/germany-wont-tax-cryptocurrencies-used-to-make-purchases

[xhoondilan]

Taxes should not be add on bitcoin payments because the value of that product you buy is already been taxed so its not necessary to put taxes on bitcoin. bitcoin is a big help when it comes to payment because you dont have to wait for confirmation in paying something using bitcoin, so you have less time consume in paying online rather than paying in the bank..