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New tax

Italy to introduce new tax on cryptocurrency profits in 2025

In 2025 the Italian government will introduce a bill with a view to applying a new tax on profits from private equity and cryptocurrencies. The Italian deputy finance minister, Maurizio Leo, reported that the tax on profits from cryptocurrencies will rise from 26% to 42%, which is equivalent to an…

Italy approves 40 % tax on extraordinary bank profits

The Italian Council of Ministers has announced the introduction of a tax in 2023 that will tax 40 % of the extraordinary profits recorded by the country's banks, the collection of which will be used to help those with mortgages and to…