Cryptocurrencies: 28940
Markets: 114116
Market Cap: $2,634,210,609,016     
24h Vol: $94,193,437,732
cryptonews 2023-01-03 19:21:00

Italy Introduces Capital Tax on Cryptocurrency Gains - Will Other Countries Follow Suit?

Italy’s parliament has approved a proposal for a 26% tax on crypto gains above 2,000 euros ($2,110). In addition to bringing a hefty tax on crypto gains, the new law also introduces incentives for taxpayers to report their crypto. Under the law, crypto owners are entitled to an amnesty for unreported gains achieved in previous years by paying a “substitute tax” of 3.5%, plus a 0.5% fine for each additional year.... Read More: Italy Introduces Capital Tax on Cryptocurrency Gains - Will Other Countries Follow Suit?
esptco-banner img

Videos
  • A Beginner Guide to Web 3.0: Everything You Need to Know About Web 3.0!

  • Ethereum Explained: What is Ethereum & How Does it Work? Simply Explained!

  • Cardano: What is Cardano (ADA)? Explained!

  • How to Buy BTC with Coinbase?

Our Partners