Italy’s Senate approved its 2023 budget on 29 December 2022. The bill, which defines crypto assets as a digital representation of value or rights that can be transferred and stored electronically by applying distributed ledger technology or similar technology, imposes a 26% capital gains tax on crypto-asset trading exceeding 2,000 euros. To encourage taxpayers to declare their digital assets, the bill allows them to pay a 14% tax if they declare the value of their holdings as of 1 January 2023. The bill also lowers the retirement age, introduces tax amnesties to reduce penalties on missed tax payments and provides fiscal incentives for job creation.
Source: https://cointelegraph.com
