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Italy Plans New Crypto Tax for Upcoming Filing Year

Newly released budget documents show Italy is planning to expand its tax laws and tighten regulations with respect to cryptocurrency trading. So reports Cointelegraph

The plan includes a proposed 26% levy on cryptocurrency profits more than 2,000 euros. According to information in the article, taxpayers will also be afforded the option to declare digital asset values and pay a 14% tax rate on those assets; this is aimed at incentivizing holders to declare the assets in the annual filings.

Read the full article from Cointelegraph.

 

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