Italy to Raise Capital Gains Tax on Bitcoin to 42% From 26%

Italy plans to raise its capital gains tax for investments in Bitcoin to 42% from the current 26%, Deputy Finance Minister Maurizio Leo said during a conference call in Rome detailing the country’s budget plan.

• Move given “phenomenon is spreading,” Leo said
• NOTE: Italy to Tap Banks, Insurers for €3.5 Billion in Budget Plan (3)

To contact the reporter on this story:
Antonio Vanuzzo in Milan at avanuzzo@bloomberg.net

To contact the editors responsible for this story:
Wout Vergauwen at wvergauwen@bloomberg.net

Anna Irrera

© 2024 Bloomberg L.P. All rights reserved. Used with permission.