The Italian Parliament imposed a 26% capital tax on crypto gains as part of the 2023 budget bill, enacted on Dec. 29.
Senators approved a 26% aliquot on crypto gains exceeding 2,000 euros ($2,060) for a tax period on Dec. 24.
The proposal considers taxing the free transfer of cryptocurrencies and the fees crypto exchanges and other crypto companies charge to facilitate cryptocurrency transactions.
The approved document offers incentives for taxpayers to reveal crypto holdings, including amnesty on profits, a 3.5% “substitute tax,” and a 0.5% annual fine.
BREAKING: Italian lawmakers approve 26% capital gains tax on crypto
