This proposal, a part of Italy’s 2025 finances, was introduced throughout a press convention, with particulars revealed by Il Sole 24 Ore.
The tax hike is meant to generate extra assets for the nation’s financial assist packages, particularly concentrating on households, youth, and companies.
Since 2023, crypto capital positive aspects over €2,000 have been taxed at 26%, however that is now set to rise to 42%, considerably elevating the burden on crypto buyers. This shift follows Italy’s latest laws which now not deal with cryptocurrencies as international forex, a classification that had allowed for decrease tax charges. If authorized, this measure would make Italy one of many strictest European nations in taxing digital belongings, much like proposals within the UK, the place capital positive aspects taxes on crypto may very well be raised to 39%.
In addition to the hike in crypto taxation, Leo introduced a crackdown on money utilization to curb tax evasion. For instance, new measures would require using digital funds for bills like taxi companies, and companies might want to hyperlink their POS methods to money registers to boost transaction traceability. These steps are a part of broader efforts to fight fraud and enhance fiscal transparency in Italy.
Meanwhile, the federal government can be contemplating updates to its “net tax” coverage, which applies to revenues generated in Italy by digital companies. Leo revealed plans to take away the present €750,000 threshold and the €5 million cap for Italian-sourced revenue, permitting for extra complete taxation on massive digital firms.
Despite these particular tax adjustments, Prime Minister Giorgia Meloni reiterated that there can be no new common taxes on residents. She additionally confirmed the federal government’s dedication to lowering taxes on employees and allocating extra funds from banks and insurance coverage firms to healthcare and assist for susceptible populations.
