As Italy considers elevating taxes on cryptocurrencies from 26% to a whopping 42%, it could be a great time to clean up on European crypto tax.
This useful chart outlines what foremost taxes an off-the-cuff cryptocurrency proprietor should declare. As all the time, ensure to do your individual analysis — these charges are topic to alter at any time, and a few international locations require you to pay separate taxes on trades, mining, and extra.
For bag holders seeking to pay decrease quantities of tax on crypto, Slovakia, Bulgaria, Greece, Hungary, and Lithuania provide the bottom tax charges within the EU at press time.
In the meantime, international locations like Luxembourg, Denmark, Finland, Netherlands, Germany, and Eire demand the best tax charges on crypto at press time.
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