After a long wait for a statement from the German Federal Ministry of Finance on the income tax treatment of virtual currencies the time had finally come on June 17, 2021. The first draft of a BMF letter (hereinafter “BMF draft”) was forwarded to the associations and stakeholders and is expected to result in a decree by the end of the year. Reading the BMF Draft is a challenge for many a reader, at least for all those familiar with the virtual world, who are astonished to learn that their actions could trigger tax consequences, and for some tax professionals who have to familiarize themselves with virtual issues in order to understand what is actually to be regulated for tax purposes.
view all news & events
07/19/2021
BMF letter on the income tax treatment of virtual currencies and of tokens from June 17, 2021 - part 1
Share
'/%3e%3c/svg%3e){kind=small}
'/%3e%3c/svg%3e){kind=small}
Further insights
Explore the latest legal developments, insights, publications and news from our firm.
- Legal insights
- Whitepaper
- Law firm update
- In the Media
09/01/2026
Beyond EU Borders: What the Kodak/Fujifilm Decision Means for UPC Patent Litigation
08/14/2026
Federal Labour Court: No Entitlement to the Full Disclosure or Copies of Compliance Reports
08/13/2026
KI-Flash: GEMA v. Suno – German Court Assesses AI Training not to be Fair Use Under US Law
08/10/2026
The E-Evidence Regulation Is Coming: What Service Providers Need to Know Now – Part 2
