Italy’s parliament has approved a proposal for a 26% tax on crypto gains above 2,000 euros ($2,110).
In addition to bringing a hefty tax on crypto gains, the new law also introduces incentives for taxpayers to report their crypto. Under the law, crypto owners are entitled to an amnesty for unreported gains achieved in previous years by paying a “substitute tax” of 3.5%, plus a 0.5% fine for each additional year....
Read More: Italy Introduces Capital Tax on Cryptocurrency Gains - Will Other Countries Follow Suit?
Popular
- Apple could soon start manufacturing the iPhone 12 in India
- Amazfit T-Rex Pro will be launched in India Soon with 1.3-inch AMOLED screen, 15 military-grade certifications, 10 ATM water resistance
- Microsoft wants to modernize the scrollbars of Chrome on Windows 11
- Shah Rukh Khan Visits Lalbaugcha Raja With Son AbRam, Video Goes Viral
- When Taylor Swift Got In 2 Car Accidents On The Same Day With A Journalist Inside Screaming At Her, “I Have A New Baby At Home…” & She Was Fully Panicking