BMF, read September 2026
Exemption or allowance in Germany
What BMF publishes about exemption or allowance in Germany, quoted verbatim from BMF - Individual questions on the income tax treatment of certain crypto assets (BMF circular of 6 March 2025, the ministry’s own English version), read September 2026.
- the authority quoted here
- BMF
- of the authorities read publish on this question
- 5/16
- the day these pages were read
- 2026-09-08
The authority's own words
objectively established by sale within the holding period. However, under section 23 (3) sentence 5 of the Income Tax Act, the profits remain tax-free if the sum total of the profits generated from all private sale transactions in the calendar year (the total profits) is less than €1,000 (prior to the 2023 assessment period: €600).
That sentence is the whole of what BMF publishes on this point on the page cited. It is reproduced here for reporting and comment; it is not tax advice, and nothing on this page is our reading of it.
The same question in other jurisdictions
| Jurisdiction | What the authority says |
|---|---|
| United Kingdom | You can get up to £1,000 allowance each tax year for trading and miscellaneous income. The income you earn from your cryptoassets will count towards this allowance.HMRC - Check if you need to pay tax when you receive cryptoassets, read September 2026 |
| United States | Q42. If I engage in a transaction involving virtual currency but do not receive a payee statement or information return such as a Form W-2 or Form 1099, when must I report my income, gain, or loss on my federal income tax return? A42. You must report income, gain, or loss from all taxable transactions involving virtual currency on your federal income tax return for the taxable year of the transaction, regardless of the amount or whether you receive a payee statement or information return.IRS - Frequently asked questions on virtual currency transactions, read September 2026 |
| Ireland | Each year, the first €1,270 of an individual’s total chargeable gains (after deducting losses, if any) are exempt from CGT. This “annual personal exemption” can only be used to reduce a chargeable gain. For example, if an individual’s total chargeable gains are less than €1,270 e.g. €960, the annual exemption is limited €960 only, the remaining €310 cannot be used. Any remaining chargeable gain is taxed at the appropriate rate of CGT.Revenue - Taxation of crypto-asset transactions, read September 2026 |
| Portugal | São excluídos os ganhos obtidos, bem como as perdas incorridas, resultantes das operações previstas na alínea k) do n.º 1 relativas a criptoativos detidos por um período igual ou superior a 365 dias. ( *)(anterior nº19)- Redação do Decreto-Lei n.º 97/2026, de 20 de maio) AT - Codigo do IRS - criptoativos (Lei 24-D/2022), read September 2026 |
Side by side, each in its own authority's words. Where two jurisdictions differ, the difference is between the two quotations; it is not our characterisation of either.
Where this comes from
This quotation was taken from BMF - Individual questions on the income tax treatment of certain crypto assets (BMF circular of 6 March 2025, the ministry’s own English version) on September 2026, and the text of that page as it read that day is kept so the quotation can be checked. BMF answers 10 of the questions on this site and publishes nothing we could quote on 6 of them.
Cite or embed this figure
BMF on exemption or allowance in Germany: “objectively established by sale within the holding period. However, under section 23 (3) sentence 5 of the Income Tax Act, the profits remain tax-free if the sum total of the profits generated from all private sale transactions in the calendar year (the total profits) is less than €1,000 (prior to the 2023 assessment period: €600).” (Taxooor Crypto Tax Index).
Cite as: "Taxooor Crypto Tax Index: Exemption or allowance, Germany", updated 2026-09-08, https://taxooor.com/tax/germany/exemption/.