Italian lawmakers are set to moderate a proposed increase in taxes on cryptocurrency capital gains, following industry pushback and internal disagreements within the ruling
coalition. According to statements on Tuesday by Giulio Centemero and Treasury Junior Minister Federico Freni of the League party, the planned tax hike from 26% to 42% will see a significant reduction during the parliamentary process.
The adjustment comes as part of the deliberations on Italy’s 2025 budget, which is due for parliamentary approval by the end of December. The initial proposal aimed to align crypto capital gains taxation with higher rates applicable to other financial instruments. However, the League party has argued that such steep increases could inadvertently bolster the shadow economy and undermine the legitimacy of cryptocurrencies.
“There are no more prejudices about cryptocurrencies,” Centemero and Freni affirmed, signaling a shift towards a more favorable fiscal environment for digital assets. Political insiders also suggest that the government might maintain the current tax rate of 26%, eschewing any increase to prevent potential negative impacts on the burgeoning crypto market in Italy.
