Italy Plans to Lower Crypto Tax from 42% to 28%

user avatar

by Giorgi Kostiuk

2 years ago

The Italian government led by Giorgia Meloni might approve a proposal to reduce the planned tax hike on cryptocurrency trades, suggested by a coalition partner.

Proposal to Lower Tax

The League, a junior partner in Meloni’s coalition, suggested reducing the tax increase to 28% from the originally proposed 42%. This follows concerns that the hike could affect Italy’s competitiveness in the EU. The current tax rate is 26%.

Criticism from Crypto Industry

Crypto industry leaders argue that the original tax hike is too high and could damage Italy's competitiveness. The EU is preparing to introduce its first comprehensive crypto regulations, known as the 'Markets in Cryptoassets' (MiCA), by the end of the year.

Prospects of Tax Plan Changes

The government is likely to support the League’s proposal, but no final decision has been made. Finance Minister Giancarlo Giorgetti is considering alternative tax structures based on how long investments are held. However, changes could still occur according to anonymous sources.

Italy is taking steps to adjust its tax plan to strengthen public finances amid the reintroduction of EU fiscal rules.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Binance Introduces 24/7 Foreign Exchange Perpetual Contracts

Binance has launched a new trading model for 24/7 trading of foreign exchange perpetual contracts, starting with a contract linked to the US dollar and Brazilian real.

user avatarLeo van der Veen

Ondo Finance Streamlines Institutional Stock Tokenization

Ondo Finance has introduced a new integration that simplifies the process of institutional stock tokenization by allowing direct contribution of existing equity inventory.

user avatarLi Weicheng

Investigation into Zondacrypto Founder’s Disappearance Intensifies

The investigation into the disappearance of Zondacrypto founder Sylwester Suszek has intensified as Polish police search a fuel depot linked to his last known whereabouts.

user avatarTenzin Dorje

OKX Introduces Shield to Enhance User Security in Europe

OKX has launched a new initiative called OKX Shield aimed at improving exchange security for European users by requiring a hardening checklist for tiered financial protection against account takeovers.

user avatarAisha Farooq

Former Police Officer Charged in Zondacrypto Exchange Collapse

Former police officer Artur K has been charged with multiple offenses related to the collapse of the Zondacrypto exchange, including membership in an organized criminal group and aiding in the misappropriation of funds.

user avatarBayarjavkhlan Ganbaatar

Anchorage Digital Enhances Stablecoin Infrastructure with LayerZero Partnership

Anchorage Digital has partnered with LayerZero to enhance its regulated stablecoin infrastructure, enabling seamless crosschain movement of stablecoins.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.