Italy plans to raise the withholding tax on Bitcoin capital gains to 42% and remove the 750 million euro minimum revenue requirement for the Digital Services Tax.
The Italian government is considering increasing the capital gains tax for investments in Bitcoin (BTC) to 42% from 26%, according to Deputy Economy Minister Maurizio Leo.
Speaking at a news conference at Palazzo Chigi on Oct. 16, Leo provided remarks on Italy’s new budget bill approved by the Council of Ministers.
According to the budget bill, the withholding tax on Bitcoin capital gains should rise to 42%, the minister said.
