Rome Times

The Eternal Voice of Italy
Monday, Oct 05, 2026

Italy Reconsiders Tax Approach on Cryptocurrency Gains

Government Weighs Amendments to Ease Fiscal Pressure on Bitcoin and Crypto Activities
In a significant pivot, the Italian government is considering easing its stringent fiscal measures on cryptocurrency activities.

This development comes as influential majority forces within the government push for a reevaluation of the planned tax hike outlined in the recent Finance Bill, which proposed increasing the substitute tax rate from 26% to a steep 42% on capital gains and other income from transactions exceeding 2,000 euros.

As the Budget Committee gears up for decisive votes on the budget amendments, scheduled to begin Wednesday, the discussions are intensifying around softening the fiscal blow.

The current discourse champions a phased approach, starting with the removal of the 2,000 euro exemption threshold without escalating the tax rate.

Notably, the Lega party has advocated for a moderate increase in the tax rate to 28%, truncating the original plan.

Meanwhile, Forza Italia's Roberto Pella and Francesco Cannizzaro have tabled a proposal focusing on eliminating the exemption cap without adjusting the existing rate.

Their proposition seeks clarity, asserting a uniform application of the 26% tax rate, countering potential misinterpretations that suggest a lower 12.5% rate under the current regulations.

This proposed shift aims to balance Italy’s financial strategies while accommodating the burgeoning crypto market, which yielded a modest annual revenue of 27 million euros from the 26% substitute tax, according to a recent report by Italy's Ministry of Economy and Finance.

The ministry’s assessment highlights contributions from over 22,000 taxpayers, including both individuals and corporate entities.

As Italy navigates its fiscal policy on cryptocurrencies amidst diverse political pressures, the inevitable question looms: Can a recalibrated tax strategy harness the economic potential of digital currencies without stifling innovation?

This unfolding fiscal saga underscores the delicate dance between taxation and technological progress, with Italy at a crucial juncture on the global stage.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Italian Voice Actor Peppino Mazzullo Dies at 100
Vittorio Sgarbi Admitted to Intensive Care at Rome’s Gemelli Hospital
Tuscany Launches Employment and Innovation Festival for Young Professionals
CTP Expands Italian Logistics Property Portfolio as Nearshoring Demand Grows
Nearly 500 Italian Municipalities Face Financial Crisis or Pre-Bankruptcy Conditions
Italy’s Electoral Law Reform Faces Crucial Secret Ballots in Parliament
Pisa Prison Riot Renews Debate Over Overcrowding and Staffing in Italy’s Jails
Webuild and ICOP Advance Takeover Bids for Trevi Group
Italy Studies 5% Rental Tax and Mortgage Incentives to Ease Housing Affordability Pressure
Transport and Education Strikes Disrupt Rail, Schools and Flights Across Italy
Ferrari to Unveil Its First Fully Electric Supercar in October 2026
Italian Government and Opposition Back National AI Gigafactory Plan
Eni, IP and Q8 Extend Fuel Price Caps as Italy Tries to Contain Inflation
Italian Fuel Prices Face Fresh Pressure as Excise Duties Rise by 6.1 Cents a Litre
Italian Voters Reject Judicial Reform Referendum on Separating Judges and Prosecutors
Intesa Sanpaolo Raises Offer for Monte dei Paschi di Siena to €1.25 a Share
Italy’s Tax Burden Rises to 43.5% as Household Purchasing Power Weakens
Italy Approves 2027 Budget Framework With €28 Billion in Energy and Defence Leeway
Peschiera Triathlon Sells Out With More Than 2,000 Athletes
Bologna Prepares for Italy-Turkey Nations League Match
Italy Draws 1-1 With France in UEFA Nations League
Italian Olympic Committee Rules Out Receivership for Football Federation
Southern Italy Begins Olive and Wine Harvest Amid Climate-Related Yield Concerns
Italy Launches Digital Booking Systems to Cut Healthcare Waiting Times
Italian Aerospace and Defense Firms Secure New European Supply Agreements
Milan Markets Hold Firm as Italian Bond Spreads Stabilize
Italy Restores October 4 National Holiday Honoring Saint Francis of Assisi
Rome Accelerates Infrastructure Work Ahead of Vatican Jubilee
Italian Car Registrations Rise Nearly 10% as Stellantis Gains Market Share
Consumer Group Urges Extension of Diesel Excise Relief
Eni Extends 20% Fuel Discount for Agriculture and Fishing Through October
Italy Conducts Multiple Migrant Rescue and Interception Operations Near Lampedusa
General Strike Disrupts Trains, Schools and Flights Across Italy
Intesa Sanpaolo Raises Monte dei Paschi Bid Above €31.4 Billion
Meloni Seeks EU Fiscal Flexibility as Inflation and Energy Costs Persist
Italian Government Finalizes Budget With Income Tax Cut and New Bank Revenue Measures
Italian Health Researchers Warn of Faster Wear in Hip and Knee Implants
Milan-Area Shooting Renews Concerns Over Organized Crime and Urban Security
Italy Highlights Second-Generation Athletes as Part of Cultural Diplomacy
Palermo Hospitality Sector Warns of €20 Million Loss From Sacrament Consolidation
Italian Workers Increasingly Keep Severance Pay With Employers as Retirement Savings
Italian Transport Regulator Calls for Major Upgrades to Rail and Road Networks
Italian Families Overtake Institutional Investors at Property Auctions
Italian Senate Faces Protests Over Proposed Antisemitism Legislation
Colosseum Worker Death Prompts Investigation Into Safety Failures
Confindustria Calls for National Strategy to Attract Battery Gigafactories
Italian Opposition Splits Over €14 Billion Increase in Defense Spending
Italian Inflation Rises to 4.2% as Consumer and Business Confidence Weakens
Italian Defense Ministry Monitors Reports of Possible Russian Sabotage in Southern Europe
Italy Plans 5% Flat Tax for Workers Under 35 in 2027 Fiscal Reform
×