Italy Eyes Drastic Tax Hike On Bitcoin Profits: 42% Looming In …
Oct 16, 2024 · Italy’s government made a bold move to tighten the screws on cryptocurrency profits, unveiling plans to increase capital gains taxes on Bitcoin and other cryptocurrencies from the current 26%...
Italy to Raise Capital Gains Tax on Bitcoin to 42% From 26%
Oct 16, 2024 · Italy plans to raise the capital gains tax on Bitcoin to 42% from 26%, part of efforts to finance expensive election promises while cutting the fiscal deficit.
Italy to Raise Capital Gains Tax on Crypto to 42% From 26%: Reports
Oct 16, 2024 · 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.
Italy Shocks Crypto Community With Proposed 42% Bitcoin Tax …
Oct 17, 2024 · Italian cryptocurrency investors were taken by surprise when Deputy Economy Minister Maurizio Leo proposed to almost double the capital gains tax for Bitcoin, from 26% to as high as 42%.
Italy Targets Bitcoin With Capital Gains Tax Hike as EU Prepares …
Italy plans to raise its capital gains tax on bitcoin to 42%, up from 26%, as part of efforts to fund election promises and curb the fiscal deficit. The government cites growing bitcoin adoption as a key factor.
Italy Bows to Pressure, Finalizes Crypto Tax Overhaul to …
Oct 16, 2024 · Italy recently overhauled its crypto taxation laws, particularly focusing on Bitcoin (BTC) capital gains. The Parliament approved a government proposal to increase the withholding tax on Bitcoin profits from 26% to 33%.
Italy Poised to Water Down Proposed 42% Tax on Crypto Trading
Nov 12, 2024 · Italian Prime Minister Giorgia Meloni’s government is likely to approve a coalition partner’s proposal to water down a mooted tax increase on crypto trades, according to people with knowledge of the matter.
Italy considers raising capital gains tax on Bitcoin to 42% from 26%
Oct 16, 2024 · 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 set to hike Bitcoin capital gains tax from 26% to 42%
Dec 13, 2024 · Italy is raising the Bitcoin capital gains tax from 26% to 42% to fund election promises and cut the fiscal deficit. Prime Minister Meloni’s government is also taxing banks and insurers to finance healthcare and aid for vulnerable citizens.
Italy Proposes Raising Bitcoin Capital Gains Tax to 42%
Oct 18, 2024 · The Italian government intends to significantly increase the tax rate on Bitcoin capital gains, from 26% to 42%.