{"id":70847,"date":"2022-12-01T15:26:09","date_gmt":"2022-12-01T13:26:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70847"},"modified":"2025-09-08T04:34:38","modified_gmt":"2025-09-08T01:34:38","slug":"italy-to-levy-26-tax-on-crypto-trading-gains","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/italy-to-levy-26-tax-on-crypto-trading-gains\/","title":{"rendered":"Italy to levy 26% tax on crypto trading gains"},"content":{"rendered":"<p>Amendments to Italy&#8217;s 2023 budget proposal envisage a 26% tax on capital gains realised from trading digital assets. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-30\/italy-plans-to-tax-crypto-trading-gains-expand-disclosure#xj4y7vzkg\">Bloomberg<\/a> reports.<\/p>\n<p>The tax will apply to profits above \u20ac2,000 ($2,088).<\/p>\n<p>Earlier, the Italian government treated cryptocurrencies and tokens as foreign currency, which would have entailed a lighter fiscal burden.<\/p>\n<p>The cabinet formed by Giorgia Meloni urged citizens to declare the value of their digital assets as of 1 January 2023 and pay a 14% tax.<\/p>\n<p>If the amendments pass, stamp duty will apply to cryptocurrencies. Citizens will have obligations to report such investments to the tax authorities.<\/p>\n<p>Citing Triple A agency, about 1.3 million citizens (2.3% of Italy&#8217;s population) own digital assets. This share is significantly lower than in the United Kingdom (5%) and France (3.3%).<\/p>\n<p>Earlier in October, Portugal&#8217;s parliament introduced its 2023 budget proposal, which envisages <a href=\"https:\/\/forklog.com\/en\/news\/portugal-budget-proposal-includes-taxation-of-cryptocurrencies\"> 28% income tax<\/a> on digital assets held for less than a year.<\/p>\n<p>Earlier in Italy, approval from the local regulator OAM to provide services to residents of the country was granted to<a href=\"https:\/\/forklog.com\/en\/news\/bitstamp-gains-italian-licence-to-operate-in-italy\"> Bitstamp<\/a>,<a href=\"https:\/\/forklog.com\/en\/news\/crypto-com-secures-digital-asset-provider-licence-in-italy\"> Crypto.com<\/a>,<a href=\"https:\/\/forklog.com\/en\/news\/coinbase-receives-approval-to-provide-services-in-italy\"> Coinbase<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/binance-gains-licence-to-provide-digital-asset-services-in-italy\">Binance<\/a>. <\/p>\n<p> Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amendments to Italy&#8217;s 2023 budget proposal envisage a 26% tax on capital gains realized from trading digital assets, according to Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":70848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,1603,558],"class_list":["post-70847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-italy","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=70847"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70847\/revisions"}],"predecessor-version":[{"id":70849,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70847\/revisions\/70849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/70848"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=70847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=70847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=70847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}