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Blockscroll > Crypto > Italian Parliament Approves 26% Crypto Tax in 2023 Budget Law
Crypto

Italian Parliament Approves 26% Crypto Tax in 2023 Budget Law

Mridul Srivastava
Last updated: 2023/01/02 at 12:57 PM
By Mridul Srivastava 1 month ago
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1 Min Read
The Crypto Markets are Calmer with Bitcoin Finding Fresh Support, letting the Fear Abate
The Crypto Markets are Calmer with Bitcoin Finding Fresh Support, letting the Fear Abate
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  • 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

— whalechart.org (@WhaleChart) December 30, 2022

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TAGGED: Crypto, Crypto tax, ItalianParliament, Italy
Mridul Srivastava January 2, 2023
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Mridul Srivastava
By Mridul Srivastava
Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.
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