# Luxembourg tax settings **URL:** \ **Category:** Tax Questions\ **Created:** [August 28, 2024, 10:19am UTC](https://discuss.koinly.io/t/luxembourg-tax-settings/21611 "2024-08-28T10:19:49Z")\ **Posts on this page:** 11\ **Page:** 1
**Author:** ![Efes](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/efes/32/12250_2.png) [@Efes](https://discuss.koinly.io/u/Efes)\ **Post date:** [August 28, 2024, 10:19am UTC](https://discuss.koinly.io/t/luxembourg-tax-settings/21611/1 "2024-08-28T10:19:49Z")
Hi I am from Luxembourg and am currently trying your free plan to see if Koinly suits my needs. Therefore i have a few questions: After I uploaded all the CSV I saw that the amount of my crypto gains was too high. I found out that Koinly also sees cashback as capital gain even if unsold. - In Luxembourg cashback is only taxable if the received crypto has been sold or converted either in FIAT or in CRYPTO. - Another thing is that capital gains on crypto are only taxed if they have been sold or converted before 6 months have passed (but i do not see any mention of this rule on your app or foum). Are there some settings that can be changed? Is the 6 month long term rule considered in the calculation of the tax? Can we verify if the rules correspond to reality? Thank you in advance. ---
**Author:** ![Carl\_Koinly](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/carl_koinly/32/854_2.png) [@Carl\_Koinly](https://discuss.koinly.io/u/Carl_Koinly)\ **Post date:** [August 29, 2024, 3:38am UTC](https://discuss.koinly.io/t/luxembourg-tax-settings/21611/2 "2024-08-29T03:38:27Z")
Hi @Efes Thanks for your message. 😊 1. Are you able to attach a screenshot of one of the cashback transactions? Cashback would be classed as a deposit and shouldn’t be taxable. 2. Yes, the tax reports will note your transactions as being short term or long term and will be calculated accordingly. đŸ‘đŸ» ---
**Author:** ![Efes](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/efes/32/12250_2.png) [@Efes](https://discuss.koinly.io/u/Efes)\ **Post date:** [September 11, 2024, 5:29pm UTC](https://discuss.koinly.io/t/luxembourg-tax-settings/21611/3 "2024-09-11T17:29:43Z")
Hi Carl, you are correct. I miss read cashback are not taxed. But I noticed something else which I think is an issue, the long term holding is not considered as long term. Notice that in Luxembourg all asset held more than 6 month is free from capital gain tax. But when I checked my transactions I found many where this rule didn’t apply. Is there a way to check these rules and tweak them if they are incorrect? Thank you ---
**Author:** ![Aria\_Koinly](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/aria_koinly/32/9150_2.png) [@Aria\_Koinly](https://discuss.koinly.io/u/Aria_Koinly)\ **Post date:** [November 14, 2024, 5:35pm UTC](https://discuss.koinly.io/t/luxembourg-tax-settings/21611/6 "2024-11-14T17:35:56Z")
Hi @Efes Apologies for the confusion. We already have the long-term threshold for Luxembourg set as 6 months, so when generating your “Complete tax report”, you will have a breakdown of total long- and short-term gains. ---
**Author:** ![Efes](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/efes/32/12250_2.png) [@Efes](https://discuss.koinly.io/u/Efes)\ **Post date:** [November 8, 2024, 8:57pm UTC](https://discuss.koinly.io/t/luxembourg-tax-settings/21611/5 "2024-11-08T20:57:15Z")
Dear Aria, the support ticket does not work and I cannot add the official communication on this post. Please provide me with an email. Thanks ---
**Author:** ![VirtualCk](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/virtualck/32/12679_2.png) [@VirtualCk](https://discuss.koinly.io/u/VirtualCk)\ **Post date:** [November 20, 2024, 1:13pm UTC](https://discuss.koinly.io/t/luxembourg-tax-settings/21611/7 "2024-11-20T13:13:55Z")
Has this problem been resolved, I see the same problem? I’m from Luxembourg too and crypto I have kept longer then 6 month but under a year is still considered short term. Thanks ---
**Author:** ![Aria\_Koinly](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/aria_koinly/32/9150_2.png) [@Aria\_Koinly](https://discuss.koinly.io/u/Aria_Koinly)\ **Post date:** [November 20, 2024, 2:07pm UTC](https://discuss.koinly.io/t/luxembourg-tax-settings/21611/8 "2024-11-20T14:07:21Z")
Hi @VirtualCk There is no issue with the reports. Capital gains from assets that have a holding period of over 6 months are marked as Long Term gains on your Complete Tax report. ---
**Author:** ![VirtualCk](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/virtualck/32/12679_2.png) [@VirtualCk](https://discuss.koinly.io/u/VirtualCk)\ **Post date:** [December 17, 2024, 1:08pm UTC](https://discuss.koinly.io/t/luxembourg-tax-settings/21611/9 "2024-12-17T13:08:10Z")
Hi Aria Ok, so it’s just not working for the “tax optimization” and “maturity assets” but working for the tax report, right? Thanks ---
**Author:** ![Aria\_Koinly](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/aria_koinly/32/9150_2.png) [@Aria\_Koinly](https://discuss.koinly.io/u/Aria_Koinly)\ **Post date:** [December 18, 2024, 5:50pm UTC](https://discuss.koinly.io/t/luxembourg-tax-settings/21611/10 "2024-12-18T17:50:03Z")
Hi @VirtualCk The Tax Optimization and Asset Maturity features both consider the 6-month holding period so they should be working. ---
**Author:** ![Nm95](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/nm95/32/4869_2.png) [@Nm95](https://discuss.koinly.io/u/Nm95)\ **Post date:** [January 7, 2025, 3:53pm UTC](https://discuss.koinly.io/t/luxembourg-tax-settings/21611/11 "2025-01-07T15:53:37Z")
Hello, Does the calculation take into account conversion between different coins? Is it a trigger for a taxable event? ---
**Author:** ![system](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/1X/7ac58e5593a7122893d066794a7254dcdb5ddb31.png) [@system](https://discuss.koinly.io/u/system)\ **Post date:** [March 8, 2025, 3:54pm UTC](https://discuss.koinly.io/t/luxembourg-tax-settings/21611/12 "2025-03-08T15:54:01Z")
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