Challenges in Taxation Regarding Bitcoin
drei6null is far more than a traditional tax advisory and auditing firm. They particularly demonstrate their innovation and expertise in the digital sector. Cryptocurrencies like Bitcoin present not only legal but also significant tax-related challenges. In Germany, the taxation of cryptocurrencies is not explicitly regulated by law, causing general tax regulations to apply, which are often complex and problematic due to the novelty of these assets (such as Bitcoin, Ether, Polygon, Solana, etc.). The tax and auditing firm drei6null will actively support the startup terahash.energy to advise entrepreneurs, investors, and stakeholders with in-depth knowledge on tax issues related to Bitcoin.
Leveraging Synergies
“Our goal is to always stay ahead of the curve. This includes being open to new technologies and developments like Bitcoin and presenting solutions to our clients,” confirms Robert Zirch, auditor and tax advisor at drei6null. What general regulations apply to the taxation of cryptocurrencies, and specifically Bitcoin? How are gains/losses from mining revenues taxed? Besides these fundamental questions, new tax challenges continuously arise around innovative Bitcoin business models that drei6null can address. “We are very pleased to partner with drei6null. We want to place the concerns and challenges of our customers in competent hands. With the firm drei6null, we have found the ideal partner to competently address tax-related issues,” summarizes Kristian Kläger, CEO of terahash.energy GmbH, about the future collaboration.
About drei6null
drei6null, the auditors and tax advisors from the Glaspalast. drei6null, now in its 4th generation, has been based in the Augsburg Glaspalast since 1962. It consists of experienced and passionate tax advisors and auditors and, with drei6null IT Solutions GmbH, has digital specialists who ensure the best future-proof solutions for all clients. drei6null defines not only the totality of services from classical and digital tax consulting, auditing, and IT consulting – it stands for the entire process, encompassing 360°.
