Bitcoin and NFT taxed since January

Bitcoin and NFT taxed since January

11 January 2023

Category

Bitcoin and NFT: a new law arrived from Italy. The crypto capital gains over two thousand euros will be taxed at 26%. 

In fact, Bitcoin and NFT,  from the first day of January will no longer be identified with the foreign cryptocurrencies. 

The budget law 2023 was approved on Dec.29 2022 and the paragraph 126 regulate the taxation. 

The text quotes that the word “activity-crypto” means “a digital representation of value or rights (therefore including, in addition to currency tokens, also utility tokens and NFTs, i.e. Non-fungible tokens, ed.) which can be transferred and memorized electronically, using distributed ledger technology (distributed ledger, ed. ) or similar technology”. 

SOURCE: Corriere Della Sera 

WATCH THE INTERVIEW WITH THE ITALIAN LAWYER C.A. MICHELI…

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