Bloomberg: Italy plans to impose a 26% capital gains tax on digital assets with earnings exceeding 2000 euros

ChainCatcher news, Italy will strengthen the regulation of digital assets starting in 2023 and expand taxation on cryptocurrency trading. According to a provision in the country's 2023 budget proposal, a 26% capital gains tax will be levied on profits exceeding 2,000 euros (approximately 2,062 dollars) from digital assets. The bill also allows taxpayers to choose to declare the asset value before January 1, 2023, with a tax rate of 14%.

It is reported that the aim of this move is to encourage Italians to declare their held digital assets on their tax returns. Additionally, the proposed law includes disclosure obligations and extends stamp duty to cryptocurrencies, but it may be revised in parliament. (Bloomberg)