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Cryptocurrencies: 25239
Markets: 99694
Market Cap: $3,174,681,173,301     
24h Vol: $125,347,783,008
cryptonews 2023-01-03 19:21:00

Italy Introduces Capital Tax on Cryptocurrency Gains - Will Other Countries Follow Suit?

Italy Introduces Capital Tax on Cryptocurrency Gains - Will Other Countries Follow Suit?
Italy’s parliament has approved a proposal for a 26% tax on crypto gains above 2,000 euros ($2,110). In addition to bringing a hefty tax on crypto gains, the new law also introduces incentives for taxpayers to report their crypto. Under the law, crypto owners are entitled to an amnesty for unreported gains achieved in previous years by paying a “substitute tax” of 3.5%, plus a 0.5% fine for each additional year.... Read More: Italy Introduces Capital Tax on Cryptocurrency Gains - Will Other Countries Follow Suit?
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