Italy set to impose 26% on crypto gains with the approval of its 2023 budget law

Italy is set to impose a 26% capital tax on crypto gains as part of the 2023 budget law. Taxpayers are also encouraged to declare their cryptocurrency holdings by offering an amnesty on gains made or face additional fines each year they remain undeclared. On December 29, 2022, the Italian Parliament approved a new tax for crypto as part of the 2023 budget law, Bitcoin.com reported. The document, which was presented and approved by senators on December 24, imposes a 26 percent tax for crypto gains above 2,000 euros (approx. $2,060) during a tax period. The capital gains tax for crypto...

source: https://tokenpost.com/Italy-set-to-impose-26-on-crypto-gains-with-the-approval-of-its-2023-budget-law-9859

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