The Budget Law 2023 for the tax treatment of crypto assets, revaluation and their regularization
Sponsored
Sponsored
The new Italian Budget Law 2023 introduced a number of new retroactive(!) tax obligations for Italian residents holding cryptocurrencies. The law stipulates that cryptocurrencies are no longer assimilated to foreign currencies, with the related obligation to register them in the RW form, introducing among the miscellaneous income a new taxable event that includes capital gains and other income from the sale of cryptocurrencies, if exceeding €2,000 for each tax period, realized through the redemption, sale, exchange or holding of crypto-assets. In contrast, exchange between cryptocurrencies having the same functions is not taxed. Thus, despite the lack of clarity of the
Saturday, December 28, the budget law of Italy for 2025 was definitively approved. This is an important law also for Italians who own cryptocurrencies, because it contains an article specifically dedicated to the taxation of crypto capital gains. The crypto taxation in Italy: the new budget law Article 43 of…
In Italy, there is a specific law on cryptocurrencies that came into effect two years ago, but some points are still not entirely clear. One of these concerned the calculation of taxes on crypto payments, because the law did not specify it in an explicit, evident, and clearly understandable way. …
AI SummaryShowCFTC’s renewed probe could force stricter user‑location verification, prompting industry‑wide compliance upgrades.Potential enforcement may…