Here’s What Cryptocurrency Investors In Italy Will Pay In Taxes

Along with the budget created for 2023, the Italian parliament has also approved the tax rate to be applied to cryptocurrency investors.

Within the budget approved by the Italian parliament, crypto investors in the country 26% capital gains tax will be applied.

The 387-page budget defines cryptocurrencies as “assets that digitally represent a value or right that can be transferred or stored electronically using distributed ledger technology or similar technology.”

Cryptocurrency investors can only trade within a certain tax period. amount of more than 2,000 euros If they make a profit, they will pay the 26% tax.

Buying and selling cryptocurrencies within a certain tax period lost more than it gained Investors will be able to benefit from tax relief in the next tax period if the difference exceeds 2 thousand euros.

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