Italy drops plans to hike capital gains tax on crypto amid backlash, political division
Italy’s government announced plans to scale back a proposed tax increase on crypto capital gains following criticism from industry stakeholders and divisions within the ruling coalition, Reuters reported on Dec. 11.
The initial proposal, introduced as part of the 2025 budget, sought to raise the tax rate on crypto gains from 26% to 42%, a significant jump aimed at generating additional revenue.
However, lawmakers Giulio Centemero and Treasury Junior Minister Federico Freni, both from the co-governing League party, confirmed on Dec. 10 that the increase would be “significantly reduced” during parliamentary deliberations.
The revised budget proposal, including the softened stance on crypto taxation, is expected to be finalized and…
