Bitcoin (BTC) and cryptocurrencies Its development and adoption day by day attracts the attention of countries.
In this context, some countries are making regulations regarding cryptocurrencies. The issue that investors are most curious about within the scope of the regulations is whether tax will be collected from crypto transactions.
According to Bloomberg’s report, it is among the countries that impose high taxes on crypto currency transactions. Italy also participated.
The report states that Italy is preparing to tighten regulation of digital assets from 2023 and expand taxation on cryptocurrency trading.
The budget proposed a 26% tax on capital gains on digital assets for profits greater than 2,000 euros ($2,062.3) for crypto trading.
The proposal was presented by the government led by Italian Prime Minister Giorgia Melani.
The proposal also gives citizens the option to declare the value of their digital assets from 1 January 2023 in exchange for a 14 percent tax.
The proposed legislation also covers transparency clauses and stamp duty on digital assets.
The proposal needs parliamentary approval to become law. In this context crypto- It should not be forgotten that the proposal envisaging a high tax on money may be subject to change in the parliament.
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