# Bitcoin Tax

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-10-17

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Italy is set to hike the capital gains tax on Bitcoin from 26% to 42% as part of its 2025 budget plans, according to Vice Economy Minister Maurizio Leo. Currently, gains over €2,000 ($2,180) are taxed at 26%, but this change aims to boost resources for families and businesses.

The move echoes potential tax increases in the UK, while Italy also plans to clamp down on cash transactions to curb tax evasion. Despite Prime Minister Giorgia Meloni's earlier statement about no new taxes for citizens, this specific crypto tax hike is on the table.

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/bitcoin-tax)*