Italy to Raise Capital Gains Tax on Crypto
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Italy Reveals 62% Increase in Bitcoin Capital Gains Tax
The Italian government has proposed a capital gains tax jump on Bitcoin and other crypto assets, rising from 26% to 42%.
Italy to Raise Capital Gains Tax on Crypto to 42% From 26%: Reports
Italy's Deputy Finance Minister Maurizio Leo has said the nation will raise taxes on capital gains on cryptocurrencies such as Bitcoin to 42% from 26%, according to Reuters and Bloomberg.
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Italy said to lift taxes on capital gains from bitcoin to 42% from 26%
Deputy Finance Minister Maurizio Leo said Wednesday that Italy plans to hike capital gains tax on cryptocurrencies like bitcoin ( BTC-USD) to 42% from 26%, according to several media reports. The price of bitcoin ( BTC-USD) appeared unfazed by the news, having risen 2.4% to $67.6K in late morning trading. The token is up some 53% so far this year.
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Italy considers raising capital gains tax on Bitcoin to 42% from 26%
The Italian government is considering increasing the capital gains tax for investments in Bitcoin from 26% to 42%, according to Deputy Economy Minister Maurizio Leo.
Italy Plans to Increase Bitcoin Capital Gains Tax from 26% to 42%
The Italian government is planning a significant increase in the capital gains tax on Bitcoin to generate funds to support public services.
Italy To Raise Bitcoin Capital Gains Tax From 26% to 42%, Sparking Investor Concerns
Key Takeaways[/focus-text-wrap] Italy plans to raise the withholding tax on capital gains from Bitcoin, effective in the 2025 tax year. Critics argue that the new
Italy set to hike Bitcoin capital gains tax from 26% to 42%
Italy is ramping up its tax on Bitcoin. The government plans to raise the capital gains tax on Bitcoin from 26% to 42%. This decision is part of the effort to fund election promises and tackle the country’s fiscal deficit.
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