Italy : Parliament approves 26% crypto-taxes

·02/01/2023
·Laeti Marison (SatoshiBelle)

The Italian government has passed its budget for 2023. Crypto holders will now be taxed 26% on their capital gains.

Last week in Italy, the Parliament and Senate approved the 2023 budget of Prime Minister Giorgia Meloni’s government.

Crypto investors will now be taxed at 26% on capital gains over 2,000 euros. Until now, the Italian tax authorities considered digital assets as foreign currency and applied lower taxation.

The country now defines crypto as “a digital representation of value or rights, which can be transferred and stored electronically, using distributed ledger or similar technology.”

The tax change for Bitcoin and co. in Italy comes as Portugal also plans to implement a similar capital gains tax (28%).

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Article written by: Laeti Marison (SatoshiBelle)

Laeti Marison, also known as SatoshiBelle, is a multifaceted professional with a passion for community management, content creation, and digital marketing. With a diverse background in various roles, Laeti has consistently demonstrated her expertise and dedication in the field. Recognizing her potential, Laeti then took on the responsibilities of a Project and Community Manager at Magna Numeris and Cartam from November 2018 to March 2021. In this role, she showcased her ability to successfully lead projects and foster strong relationships within the community. Currently, Laeti serves as an SEO content writer, Digital Marketing Manager, and co-founder at Trendingcrypto.news magazine, starting from February 2022 till now. Through her expertise in digital marketing and her passion for the crypto industry, she has contributed to the success of the magazine, ensuring its content remains relevant, engaging, and informative.