⚠️ Italy Tax Reform Incoming: A Must-Read for Crypto Asset Holders!
The Italian government has just announced a major move: capital gains tax on cryptocurrencies jumps from 26% directly to 33%, starting officially on New Year's Day next year. Saying this isn't "asset recovery" would be dishonest—higher tax rates mean nearly halving the profits you make.
The more critical change is that the €2000 tax exemption threshold will also be eliminated. Starting from next year's tax season, every euro you earn must be honestly reported to the tax authorities. Want to cheat the system? The Italian tax authorities will conduct on-site inspections, with fines up to 15% of your assets. If they find you intentionally evading taxes, the penalties could double.
However, there is a "window period": before November 30, 2025, you can choose to pay a one-time tax on the total value of your holdings at a flat rate of 14%. After paying this, your cost basis will be reset, and subsequent trading profits will be calculated from this new baseline. For many, this might truly be the last chance to "reset" costs at a relatively moderate tax rate.
On the broader front, the EU's MiCA regulatory framework has officially been implemented. All operating trading platforms must complete licensing applications by the end of next year; those that fail to do so will have to suspend operations. In other words, this wave of regulation is reshaping the compliance ecosystem of the crypto market—those that survive will be more trustworthy.
My straightforward advice: asset allocation and tax planning must be prioritized immediately. Especially for those with larger holdings, using this window before the end of November to plan your cost basis could save you a lot of real money. What are your current thoughts? Do you plan to hold out until the new policies take effect, or take advantage of the 14% transitional period to reset your costs? 👇
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
8
Repost
Share
Comment
0/400
gas_fee_therapist
· 01-18 04:14
Italy's move is really aggressive; a 33% tax rate is directly a harvest... So the 14% window period needs to be seized quickly, or else it's just giving money to the government for free.
View OriginalReply0
consensus_whisperer
· 01-16 05:43
Wow, Italy is really fierce this time, jumping 33% directly. I need to quickly do the math.
View OriginalReply0
SchrodingerGas
· 01-16 02:31
Another wave of "compliance" disguised as cutting leeks, jumping from 26% directly to 33%. Isn't this a form of disguised plunder? European governments really know how to play.
View OriginalReply0
RektButSmiling
· 01-16 02:31
BTC stored for two years, and on New Year's Day next year, it was directly bitten by 7%. This feeling is truly awesome.
View OriginalReply0
ConfusedWhale
· 01-16 02:28
Italy's move is really aggressive... a 33% cut directly in half, and you have to pay an additional 14% to reset. Feels like no matter how you calculate, it's a loss.
View OriginalReply0
DeFiGrayling
· 01-16 02:27
Italy's move is really aggressive this time, with a 33% tax rate directly cutting profits, and they also eliminated the 2000 euro starting point. This is a typical "harvesting" tactic. However, the 14% window period at the end of November is indeed crucial to seize; otherwise, there will truly be no opportunity later. The regulation part is correct—platforms that survive are actually more reliable, at least you don't have to worry about跑路.
View OriginalReply0
LiquidityWitch
· 01-16 02:20
Italy is determined to harvest the profits, huh? 33%? Just outright grabbing money, even more aggressive than I expected.
View OriginalReply0
LiquidityWhisperer
· 01-16 02:14
Italy's recent tax reform is really harsh, taking a 33% cut directly from the profits.
#数字资产市场动态 $BTC
⚠️ Italy Tax Reform Incoming: A Must-Read for Crypto Asset Holders!
The Italian government has just announced a major move: capital gains tax on cryptocurrencies jumps from 26% directly to 33%, starting officially on New Year's Day next year. Saying this isn't "asset recovery" would be dishonest—higher tax rates mean nearly halving the profits you make.
The more critical change is that the €2000 tax exemption threshold will also be eliminated. Starting from next year's tax season, every euro you earn must be honestly reported to the tax authorities. Want to cheat the system? The Italian tax authorities will conduct on-site inspections, with fines up to 15% of your assets. If they find you intentionally evading taxes, the penalties could double.
However, there is a "window period": before November 30, 2025, you can choose to pay a one-time tax on the total value of your holdings at a flat rate of 14%. After paying this, your cost basis will be reset, and subsequent trading profits will be calculated from this new baseline. For many, this might truly be the last chance to "reset" costs at a relatively moderate tax rate.
On the broader front, the EU's MiCA regulatory framework has officially been implemented. All operating trading platforms must complete licensing applications by the end of next year; those that fail to do so will have to suspend operations. In other words, this wave of regulation is reshaping the compliance ecosystem of the crypto market—those that survive will be more trustworthy.
My straightforward advice: asset allocation and tax planning must be prioritized immediately. Especially for those with larger holdings, using this window before the end of November to plan your cost basis could save you a lot of real money. What are your current thoughts? Do you plan to hold out until the new policies take effect, or take advantage of the 14% transitional period to reset your costs? 👇