๐๐ง๐๐๐๐ ๐ฎ๐น ๐ฆ๐จ๐๐๐ฅ ๐๐ ๐ฃ๐จ๐๐ฆ๐ง ๐๐ก๐ ๐๐ ๐๐ ๐ฃ๐จ๐๐ฆ๐ง ๐๐ก๐ ๐๐๐ก๐๐ก๐๐๐๐ฆ ๐๐ก๐ ๐๐ฅ๐๐ฃ๐ง๐ข๐ ๐ข๐ก๐๐๐๐ฆ ๐๐ก๐ ๐๐ ๐ฃ๐จ๐๐ฆ๐ง ๐๐ป๐ฑ ๐ฎ๐ป๐ฑ ๐๐๐ก๐๐ก๐๐๐๐ฆ ๐๐ก ๐๐ฅ๐๐ฃ๐ง๐ข๐ ๐ข๐ก๐๐๐๐ฆ ๐๐๐ ๐ฎ๐ฒ% ๐๐ ๐ฐ๐ฎ%
Starting in January 2025, Italy will implement a significant increase in the tax on profits from $BTC and other cryptocurrencies, raising it from 26% to 42% for profits above 2,000 euros. This tax adjustment seeks to increase government revenues in a context of economic challenges. However, the measure could cause investors to seek out less regulated markets, potentially affecting the volume of cryptocurrency trading within the country.
For investors, this tax change represents an additional burden. According to analysts, many could choose to move their funds to jurisdictions with friendlier regulations or explore alternatives such as DeFi or private coins ๐ก๏ธ to reduce their tax exposure. This tax is in addition to a series of restrictive measures that have been implemented in Europe recently, aiming to improve financial transparency and combat tax evasion.
For more details and analysis on how this measure will affect the European crypto market, visit our full article on our website Madridcryptocapital.com/blog
