Italy taxing cryptocurrency better than India – Katoch Tubes

Italy Taxing  Cryptos in 2023

Italian PM passing the bill

Italian Prime Minister Giorgia Meloni's 2023 budget introduces tax on crypto assets for the first time in parliament.

Taxing Capital gains

The bill has introduced 26% tax on capital gains starting 2023.

Setting the bar

The 26% crypto tax will be levied if the profits exceeds 2000 Euros in a single financial year.

What about the losses?

Acc. to the crypto bill, losses from crypto investments can be deducted from profits and can be carried forward.

A Win for VDA

The bill is a clear indicator of establishing crypto regulation on Virtual Digital Assets. The step is welcoming in the unregulated market.

Portugal Crypto Tax

Swipe up to learn about Portugal tax policy.

Learn more

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