Overview
- A departmental draft seen by multiple outlets proposes treating newly acquired crypto like shares under the 25% Abgeltungsteuer, ending the rule that makes private crypto sales tax-free after 12 months.
- The draft would apply to crypto bought from January 1, 2027, with the law to take effect that year and automatic withholding by banks and crypto platforms scheduled to start in 2028.
- The proposal would keep the €1,000 annual saver’s allowance, allow crypto losses to be offset against other capital gains, and add the solidarity surcharge on top of the flat tax.
- The Finance Ministry projects modest revenue from the change, roughly €160 million in 2028 rising toward €350 million in later years, and the ministry framed the move as closing an unfair tax loophole for speculators.
- The draft is still under interministerial review and must clear cabinet and parliament so its details could change, which means holders, exchanges and banks face uncertainty as platforms prepare systems and investors consider timing of disposals.