The ministry of finance has declared that bitcoin transactions will not be taxed!
Instead, Germany will regard bitcoin as the equivalent to legal tender for tax purposes when used as a means of payment, according to a new document.
For tax purposes, this means that converting bitcoin into a fiat currency or vice versa is "a taxable miscellaneous benefit." When a buyer of goods pays with bitcoin, an article of the EU's VAT Directive will be applied to the price of bitcoin at the time of the transaction, as documented by the seller, according to the document.
Those are very good news indeed for two reasons. Finally we see some relevant European countries taking a stance towards bitcoin in terms of regulation, because until now it wasn't clear what they were planning to do. Second, the measure taken, is much better than the one adopted by the United States so far, that want to charge bitcoin as property, resulting in massive taxes.