The Italian government is reportedly advancing a proposal to reduce the planned increase in crypto capital gains tax to 28%, a move anticipated to support investor interest. The League, a key member of Prime Minister Giorgia Meloni’s coalition, has submitted an amendment to cap the proposed tax rate at 28% rather than the initially suggested 42% outlined in the October budget draft.
Italian Government Cuts Proposed Crypto Tax to 28% From 42%
According to sources, Prime Minister Giorgia Meloni’s administration is likely to back the League’s amendment, which could mark a shift toward more favorable crypto policies in Italy. The initial proposal to raise the tax rate to 42% was part of a broader economic plan aimed at increasing revenue for the 2025 budget.
However, industry representatives expressed concerns that such a high rate would make Italy less attractive for cryptocurrency-related activities and investments.
The League’s amendment suggests a compromise, setting the tax rate at 28%, which would still be above the current 26% but considerably lower than the initially planned 42%. Sources close to the government have noted that further adjustments to the proposal are still possible before it receives final approval.
This is a developing story, please check back for more.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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