Italy’s 2025 budget calls for a rise in the Bitcoin capital gains tax from 26% to 42% thereby changing the rate. This suggested modification helps the nation fulfill more general economic goals and match its tax policy with the increasing acceptance of cryptocurrencies.
Declared during a news conference on October 16 at Palazzo Chigi, Deputy Economy Minister Maurizio Leo revealed the tax increase while talking about the government’s just passed budget. Among various financial actions meant to boost public services and stimulate the economy is the rise in capital gains tax.
Apart from the modification in the Bitcoin tax rate, Italy intends to remove the minimum income criteria for its Digital Services Tax (DST). The DST now covers businesses in Italy producing at least 750 million euros in worldwide income as well as 5.5 million euros from digital services. These criteria would be eliminated from the proposed revisions, therefore extending the tax’s reach to include a greater spectrum of businesses.
Part of a 30 billion euro budget meant for financing many projects, including healthcare and assistance for underprivileged people, these tax changes reflect On October 15, Prime Minister Giorgia Meloni declared that the government intends to support these initiatives by means of 3.5 billion euros raised from financial institutions like banks and insurers. She underlined that no further taxes will be levied on individual people.
Following Italy’s 2022 decision to impose a 26% capital gains tax on crypto trading revenues beyond 2,000 euros, the anticipated Bitcoin tax hike Now, as it strives to control its budget deficit and boost economic development, the government wants to maximize the increasing usage of digital currencies.
