Starting in 2023, Italy would tax crypto gains at 26%. In its budget projections for 2023, the nation’s parliament is recommending the tax levy. Profits above €2,000 will be exempt from the tax. Imposition of Crypto Gains Tax at 26% Additionally, taxpayers will be able to report the value of their belongings starting on January 1, 2023. On these returns, they will be subject to a rate of 14%. This resembles the new crypto gains tax regulations that India was subjected to earlier this year. Before the higher tax rate went into effect, the Indian government permitted individuals to disclose The post Italy Will Impose Crypto Gains Tax at 26% Starting in 2023 appeared first on Cryptoknowmics-Crypto News and Media Platform .
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