Many Bitcoiner have a favorable view of Italian Prime Minister Giorgia Meloni. However, not everyone may be aware that her government has enacted one of the strictest regulations on Bitcoin in Italy:
- KYC (Know Your Customer) requirements for all purchases
- A 26% tax on profits each year
- An annual 0.2% tax on Bitcoin holdings
How does 26% tax work in practice - when is it triggered?
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If you sell bitcoin for fiat money you will pay 26% on any capital gain.
Ok, so it’s not yearly ? I thought you meant annually on unrealised gains
Yes! Only on realised gains.
