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 the...
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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....
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