Taxes on invoiced crypto income

Tax Questions
1

I occasionally get paid in crypto as an employee and freelancer in Germany. I have two cased:

  1. I sometimes invoice clients as a freelancer.

  2. I also work at a company. Occasionally they send me a bonus in crypto, which is included on my payslip.

In both cases, I am paying taxes up-front (monthly). Is there a special way to process these payments? For example, should I be marking the “worth” of these deposits as 0 and tagging them as “Salary”, or possibly as “Other income”?

2

Hi @Raz

Thanks for your message. :waving_hand:t2:

You would need to confirm with an accountant or your local tax office how these should be treated for tax purposes.

The below is from our Germany Tax Guide 2024.

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Tagging them as Salary/Other Income will add them to the ‘Income’ section of your report. You could then file this amount when you’re ready to pay taxes (as described above).

For the amounts to be correct in the report, don’t set the worth as zero, leave them as the value received on that day. :+1:t2:

3

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