The new government will tax us again Watch out for your digital wallet

A new tax is coming to Italy. The Meloni government, which has been in power for a few months now, is implementing some reforms in the economic field that are causing discussion. Before now, a tax of this kind had not been seen in Italy, but the Italian parliament decided that it was time to introduce it so that it could better control the flows of money coming from some systems that had, until now, been considered inconspicuous.


Taxes are a complex subject and depend on many factors, such as your income, ownership and the type of business you run. In Italy, taxes may vary according to the level of government (local, regional or national) and tax class. Some people might Considering taxes too high and unclear about the methods the government uses to calculate them. In any case, taxes are an important part of public finances and are used to finance public services.

In these hours, a new tax was introduced. This has become necessary because in recent years the phenomenon is spreading like wildfire even here in Italy. Many do not know it, and many others use it regularly to make investments. Even today this system has not been regulated, but now With this new tax everything will be different.

The new tax approved by the Italian Parliament relates to cryptocurrency.

What is the new tax imposed on?

Cryptocurrencies are regulated differently in different countries. In some countries, such as the United States, they are treated as assets and subject to taxes. In other countries, such as Japan, it is treated as a currency and regulated as such. In many countries, cryptocurrencies are still being evaluated and their laws and regulations are developing.

It is important to note that cryptocurrencies are still an emerging technology and laws and regulations may change over time. As such, there is still a lot of mistrust towards them and often yes I think fraud As soon as they hear their name. And it is in many cases.

Cryptocurrencies opened many other avenues in the world of economics, but they also proved to be a very fertile ground for online scams and scams of various kinds. Like everything surrounding finance, you need to be very careful about the investments you make and who you entrust your money to. Whether real or virtual.

What can I do with cryptocurrency?

Cryptocurrencies can be used to make purchases both online and offline in some cases. It can also be used as an investment tool, similar to traditional financial instruments. Some companies accept Cryptocurrency as a payment method for their products and services. In addition, cryptocurrencies can be used to transfer money internationally quickly and cheaply. There are also many other potential uses for cryptocurrencies that are emerging as blockchain technology develops.

A blockchain is a database that allows transactions to be recorded and stored securely. Depends on encryption for Ensure the integrity of information and allow only authorized parties to add or change data. One of the main advantages of the blockchain is that once data is entered it cannot be changed or deleted, which makes it ideal for storing sensitive data and managing financial transactions.

Blockchains are also decentralized, which means that they do not rely on a central authority for operation. These features make it suitable for multiple uses, such as managing financial transactions, managing property rights, electronic voting, and much more.

The turning point in Meloni’s government

Cryptocurrency traders in Italy will be subject to a 26% income tax starting in 2023, according to the new budget approved by parliament on Thursday. 2023 budget Italian Prime Minister Giorgia Meloni – Hastily completed before the end of the year – Provides €21 billion in tax relief to help businesses and households facing an energy crisis.

In Italy, where cryptocurrency remains largely unregulated, a 387-page balance sheet legitimizes crypto assets by defining them as follows:

A digital representation of value or rights, which can be transferred and stored electronically, using distributed ledger technology or similar technologies

Italy’s move to tax cryptocurrency profits precedes the implementation of the EU’s Regulation on Crypto Asset Markets (MiCA), which promises strict operational requirements for cryptocurrency service providers in the 27-member bloc.
The tax rate of 26% applies to profits from cryptocurrency trading If you exceed 2,000 euros per tax period. As an incentive to report cryptocurrency earnings, the new law also states that “alternative income taxFor investors equivalent to 14% of the value of the assets owned as of January 1, 2023.

Under the new rules, the Losses from investing in cryptocurrencies can be deducted from profits.

Thelma Binder

"Explorer. Devoted travel specialist. Web expert. Organizer. Social media geek. Coffee enthusiast. Extreme troublemaker. Food trailblazer. Total bacon buff."

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