Italy Lowers Crypto Transfer Tax Proposal to 28%, Down from 42%

Quick Summary:

Italy Lowers Crypto Transfer Tax Proposal to 28%, Down from 42% The Italian government has adjusted its approach to cryptocurrency taxation, lowering the proposed tax rate on crypto transfers from 42% to 28%.

With this new rate, Italy aligns itself more closely with other crypto-friendly European nations, fostering a more competitive environment for investors and businesses.

The revised 28% rate reflects a compromise, acknowledging the need for tax revenue while also recognizing the importance of fostering a thriving crypto industry.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaItaly

Topics: Crypto News Italy Crypto Transfer Tax

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 12:11:25 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 487 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23570516

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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