It’s important to seek advice from a tax or legal advisor regarding your specific tax situation. The information provided by BISON does not replace professional tax or legal advice. Below is a brief overview of how staking rewards are typically taxed in Germany:
Staking rewards can be taxed twice in Germany: first when you receive them, and again when you sell them. Generally, staking rewards are classified as "other income" under § 22 Nr. 3 EStG and are taxed based on their euro value at the time of receipt. There is an annual exemption limit of €256, but this applies to all income falling under § 22 Nr. 3 EStG. The income is taxed at your personal income tax rate.
If you realize your staking rewards within the one-year speculation period - that is, if you sell them - you will be required to pay taxes on the gains. The tax amount depends on your tax bracket. For detailed guidance, please consult your tax advisor.
