Birdwatch Archive

Birdwatch Note

2023-05-03 18:20:45 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

To avoid any misconception, crypto is not taxed higher than other gains, in Italy. As of Jan 2019, a flat tax rate of 26% applies to the total capital gains amount, regardless of the investment type. Therefore, crypto is now simply being recognized by the government. https://taxsummaries.pwc.com/italy/individual/income-determination#:~:text=The%20capital%20gains%20earned%20by,flat%20tax%20rate%20of%2026%25.

Written by EF7048839F967ACEFFADA2007D54D46EF74F3A31D5A5AD7A57A0B1E4BCB7686C
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• noteId - 1653826946139037704
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• noteAuthorParticipantId - EF7048839F967ACEFFADA2007D54D46EF74F3A31D5A5AD7A57A0B1E4BCB7686C Participant Details
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• tweetId - 1653702958918377473
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• To avoid any misconception, crypto is not taxed higher than other gains, in Italy. As of Jan 2019, a flat tax rate of 26% applies to the total capital gains amount, regardless of the investment type. Therefore, crypto is now simply being recognized by the government. https://taxsummaries.pwc.com/italy/individual/income-determination#:~:text=The%20capital%20gains%20earned%20by,flat%20tax%20rate%20of%2026%25.