Italy plans to significantly increase its capital gains tax on cryptocurrencies, hiking it from 26% to 42%.
New Tax Overhaul
Italy's Vice Economy Minister Maurizio Leo announced plans to raise the capital gains tax on cryptocurrencies to 42%. This is part of the 2025 budget aimed at supporting families, youth, and businesses.
Global Crypto Regulation Trends
Italy is not alone in tightening regulations on digital assets. The UK is also considering boosting its capital gains tax on cryptocurrencies from 20% to 39%.
Italian Government Plans
In addition to the tax hike, the government plans to combat tax evasion and enforce stricter cash transactions regulations. Italian Prime Minister Giorgia Meloni assured that new taxes will not impact ordinary citizens and mentioned plans to allocate €3.5 billion to healthcare and support vulnerable communities.
These tax changes may significantly impact cryptocurrency investors and the digital asset market, especially as regulatory scrutiny rises across Europe.