ICOs are still not fully regulated by law. Tokensales and ICOs are assessed according to general tax rules, meaning that a tax liability (measured according to the capital gain, i.e. the difference between the acquisition cost and the sale proceeds) arises if the token is sold within one year after acquisition (as soon as it is available in the virtual wallet).
Further information on tax issues relating to ICOs and token sales can be found in our crypto tax guide (in German only).
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