Italian Parliament Approves 26% Crypto-Gains Tax in 2023 Budget

Italian lawmakers approve 26% capital gains tax on crypto: CoinDesk

Italy's Parliament has approved a 26% capital gains tax on crypto, first proposed by Prime Minister Giorgia Meloni's government.

Italian Parliament Approves 26% Crypto-Gains Tax in 2023 Budget

Prime Minister Giorgia Meloni's new bill also includes an incentive for those declaring crypto for tax purposes.

Italian lawmakers approve 26% capital gains tax on crypto: CoinDesk

Italy's Parliament has approved a 26% capital gains tax on crypto, according to a report from CoinDesk. The tax, in the works since earlier this year, will be levied on profits in excess of 2,000 euros.  Included in the measure is an incentive to declare such assets as of Jan. 1 whereby taxpayers would only pay a 14% levy. The Italian parliament approved the budget Thursday. The 30-billion euro budget also includes funds to help ease the cost of…