Italy Plans to Raise Bitcoin Capital Gains Tax from 26% to 42%

Quick Summary:

As countries all over the world are mulling over imposing stringent digital currency regulations, Italy has decided to increase its capital gains tax on Bitcoin (BTC) from 26% to 42%.

Vice Economy Minister Maurizio Leo announced this change during a press conference discussing the country’s budget for 2025.

India enforces a flat 30% tax on realized crypto gains, making it one of the strictest tax regimes globally.

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Article Details

Author / Journalist: Sarala

Category: Crypto

Markets: United Arab EmiratesGermanyIndiaItalyJapan

Topics: Latest News Bitcoin Crypto Tax ITALY

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 12:54:55 (15 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 253 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 23091664

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Main Topics: Crypto

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News Last Updated: 12 hours ago

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