According to Odaily, Italy has decided to maintain its capital gains tax on digital assets at 26% until 2025, rather than increasing it to 42% as previously considered. The Italian House of Representatives' Finance Committee, led by Lega party leader Giulio Centemero, announced this decision. Centemero emphasized that without parliamentary intervention, the tax rate would have surged to 42%. This decision provides a more stable starting point for the industry, with recognition and a year to work towards the 2026 target.
The current tax policy also includes the removal of the 2,000-euro tax-free threshold. Starting in 2026, the capital gains tax on digital assets will increase to 33%. This adjustment reflects Italy's approach to balancing fiscal policy with the growth and regulation of the digital asset sector. The decision aims to provide clarity and predictability for investors and stakeholders in the digital asset market, allowing them to plan for the upcoming changes in the tax landscape.