The 26% rate applies to gains from crypto trading if they exceed 2,000 euros per tax period. As an incentive for declaring crypto profits, the new bill also sets a “substitute income tax” for investors at 14% of the value of the assets held as of Jan. 1, 2023, instead of the cost at the time of purchase.
Italian Parliament Approves 26% Crypto-Gains Tax in 2023 Budget
