This article relates to the tax treatment for customers with a tax residence in Germany.
The tax treatment of your investments also depends on whether you trade cryptocurrencies or securities. Here you will find an overview of what BISON automatically handles – and where you need to take action yourself.
Note: The information provided by BISON does not replace tax or legal advice. For your personal tax situation, please consult a tax or legal advisor.
Brief Overview – Who is responsible for the tax?
Cryptocurrencies – Tax Specifics
▶ How are cryptocurrencies treated for tax purposes in Germany?
- Exchange/re-exchange of non-self-generated cryptocurrencies is considered a private sale transaction (§ 23 para. 1 sentence 1 no. 2 EStG)
- Taxable only if:
- the period between acquisition and sale is ≤ 1 year (speculation period) and
- the exemption limit is exceeded (from 2024: 1,000 EUR)
- If the exemption limit is exceeded, the entire gain is taxable
(exemption limit applies to all private sale transactions annually in total)
- Profit determination according to the FIFO method
▶ What BISON does not handle for cryptocurrencies
▶ How does BISON support me with crypto taxes?
Provision of an Info Report
Use of external tax tools (e.g. Blockpit)
You are responsible for reporting your gains and losses in your tax return.
Securities – Tax Treatment at BISON
▶ What BISON automatically handles
Calculation and payment of capital gains tax on capital income (e.g. stock gains, dividends)
Consideration of the advance lump sum
Tax optimisation through loss offsetting
Settlement for each transaction in the BISON inbox
Annual tax certificate in the BISON inbox
▶ What you can do yourself
DAC8 (Directive on Administrative Cooperation)
▶ What is DAC8?
EU directive on tax transparency
Implemented in Germany as the Cryptocurrency Tax Transparency Act (KStTG)
Obliges crypto service providers to report data to the Federal Central Tax Office (BZSt)
▶ From when does DAC8 apply?
▶ What data does BISON report?
Master data
Tax IDs
Tax residence
Crypto transactions & proceeds
Wallet addresses (if legally required)
Only legally required data is transmitted
▶ Do I need to do anything as a customer?
Fully provide your tax IDs
Keep your personal data up to date
BISON handles the reporting to the BZSt, however, there is still no automatic tax deduction at BISON! You must report your gains and losses yourself in your tax return.
▶ What happens if I do not provide my tax IDs?
- BISON cannot fulfil its legal obligations
- We will send you a reminder
- If you permanently do not provide them, access may be temporarily restricted
Reports & Documents at BISON
Here you will find an overview of all available reports and documents.
For Cryptocurrencies
Info Report (Crypto only)
- Request in the app under "Account" -> "Reports" -> "Info Report"
- Sent to your BISON inbox
- You can access the BISON inbox under "Account" in the top right corner (envelope symbol)
Transaction report in CSV format (Crypto + Securities)
- Request in the app under "Account" -> "Reports" -> "Info Report"
- Sent by email
Statement of your EUR settlement account at Solaris / Deutsche Bank
Overview of crypto positions (daily updated)
For Securities
Annual Tax Certificate
- You will find it in the first quarter of the following year in your BISON inbox
- You can access the BISON inbox under "Account" in the top right corner (envelope symbol)
Select "Documents" here
Depot statement (quarterly)
- You will find it monthly in your BISON inbox
- You can access the BISON inbox under "Account" in the top right corner (envelope symbol)
Select "Documents" here
Loss certificate (only on request until 15.12. of the current year)
- You will find it in the first quarter of the following year in your BISON inbox together with the annual tax certificate
Statement of your EUR settlement account at Sutor
Sent monthly to your BISON inbox, provided transactions were made
You can access the BISON inbox under "Account" in the top right corner (envelope symbol)
Tax Report with Blockpit
- Easy recording of transactions via CSV import from BISON
- Exclusive 15% new customer discount on Blockpit licence for BISON customers
- Overview of the entire crypto portfolio at a glance
▶ How does creating a tax report with Blockpit work?
- Log in to your BISON account and click on “Account”.
- Select “Reports” and then “Tax Report with Blockpit”.
- You will be redirected directly to the Blockpit web app to import your transaction history and receive the 15% discount (new customers only).
▶ Request and upload transaction history from BISON
- Download your transaction history in the BISON account under “Account -> Reports -> Transaction History (CSV)”
- You will receive the CSV file by email; do not open it before uploading (to avoid data changes)
- Create an integration in the Blockpit web app (click on “+ Integration” at the top)
- Select “Bison” as exchange and upload the CSV file
- Confirm with “Create”
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Note: If the upload does not work, try updating your browser or using a different browser
Important: The basis for the tax report is always the complete transaction history from BISON and, if applicable, your other crypto exchanges, brokers or wallets
Further details on using Blockpit and an overview of supported features can be found in the Blockpit guide for BISON customers.
Support & Common Concerns
Contact the BISON support for:
Submission of a non-assessment certificate
Adjustment of your exemption order
Requesting a loss certificate (possible until 15.12.)
Church exit after depot opening