Italy Lawmakers Approve 26% Cryptocurrency Gains Tax
According to a new budget approved by Italy lawmakers on Thursday, cryptocurrency dealers in Italy would face a 26% capital-gains tax beginning in 2023. Prime Minister Giorgia Meloni’s new measure also provides a tax benefit for people who declare cryptocurrency. According to Reuters, Italian Prime Minister Giorgia Meloni‘s 2023 expansionary budget, which was produced in a haste at the end of the year, includes 21 billion euros ($22.3 billion) in tax incentives to help firms and people dealing with the energy crisis. Coindesk reported that in Italy, where crypto is mostly unregulated, the 387-page budget defines crypto assets.
