Italy Plans to Tax Crypto Trading Gains, Expand Disclosure – Bloomberg

Italy Plans to Tax Crypto Trading Gains, Expand Disclosure – Bloomberg

Blockchain Crypto Market Technology
December 2, 2022 by Coinvasity
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Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens.
Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. It also doesn’t create waste and may help fight the climate crisis.
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Italy is set to toughen regulation of digital assets and expand taxation on crypto trading from 2023, following similar moves by countries such as Portugal.
A provision in the country’s proposed 2023 budget plans to extend a 26% levy on capital gains to digital assets for profits larger than 2,000 euros ($2,062.3). Digital coins and tokens so far have been treated as foreign currency by Italy’s tax authorities, which implied a lower taxation.

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