Italy announce 26% Crypto Gains Tax
Italy looks set to become the latest European country to cash in on crypto businesses moving into the region, with a plan to tax digital trading. In a proposal bundled in with the country’s 2023 budget, a 26% tax would be imposed on capital gains larger than €2,000 ($2,062) made from trading crypto.
Previously, crypto has been treated in the same way as a foreign currency would be by Italy’s tax regime. Bitpanda recently landed an operating license in Germany, adding to its list of places where it is registered, which includes Italy. Gemini last month added five countries to its European presence, announcing yesterday that it had also secured regulatory approval in Italy and Greece.
Source
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