Italy set to raise Bitcoin capital gains tax to 42%
Italy plans to raise the capital gains tax on cryptocurrencies from 26% to 42%. The new policy reflects a trend among European countries tightening crypto regulations. PM Giorgia Meloni assures no new taxes for citizens despite the proposed increases. Italy is set to increase its capital gains tax on Bitcoin and other cryptocurrencies from 26% to a staggering 42%, according to Vice Economy Minister Maurizio Leo. This announcement was made during a press conference detailing the country’s budget for 2025, where Leo highlighted measures approved by the Council of Ministers aimed at generating additional resources to support families, youth, and businesses. Italian’s new tax policy reclassifies crypto taxation The new tax policy marks a significant shift from the current framework, which has been in place since the 2023 tax year. This change follows a broader reform that reclassifies cryptocurrency taxation, moving away from treating cryptocurrenc...