Estimated reading time: 0 minutes, 24 seconds

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.


Read 207 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.