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Germany's Bundestag Committee Rejects Proposal to Raise Crypto Tax, Estimates 11.4B EUR Annual Revenue Loss

GateNews

Regulation & Policy

2026-05-22 01:28:02

According to Cryptopolitan, Germany's Bundestag Finance Committee rejected a proposal by the Green Party on May 22 to eliminate the tax exemption on capital gains from selling cryptocurrency held for over one year. Under current German law, profits from selling crypto assets held longer than one year are exempt from capital gains tax. The Green Party argued this exemption is unfair and that crypto assets should be taxed the same as other investments. The party estimated that removing the exemption could generate approximately 11.4 billion euros in additional annual tax revenue. The ruling Christian Democratic Union and Christian Social Union criticized the proposal, saying it fails to address existing loopholes while potentially creating new ones.

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