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/biz/ - Business & Finance

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24305806 No.24305806 [Reply] [Original]

Thinking about putting €1000 in crypto. What are taxes like here pastabros?

>> No.24305850

I think you pay none until you have more than €56K in crypto for 7 consecutive days.

>> No.24305877

>>24305806
26% on capital gains
so you put 1000
double up to 2000
you have 2000-1000 = 1000 of capital gains, and you pay 260 bucks for taxes
or, you never sell, then when it's time to cash out you move your residency in a tax paradise
cryto to crypto are not taxed in italy

>> No.24305891

>>24305877
There's no capital gains tax allowance?

>> No.24305960

>>24305891
i think if you stay below 50k per year it's ok, but i'm not sure, i live in dubai now so i don't care about taxes

>> No.24306110

Bump

>> No.24306133
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24306133

>Being Italian
>Paying taxes

ngmi

>> No.24306159
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24306159

>>24305806
>>24305850
actually it's a bit lower than that

>> No.24306264

>>24306159
So anything below €50k profit is tax free? Or €50k total?

>> No.24306303

>>24306159
so if i start with 1k and then make 40k in a year i don't have to even declare it in the isee?

>> No.24306314

>>24306264
I think it's on what you gain above that amount, not clear, but it wouldn't make too much sense otherwise.

>> No.24306352

>>24306264
Apparently, yes, 50k€ of any foreign currency (cryptos are rightfully considered one) until agenzia delle entrate changes his mind 10 years later and you owe them your house and get that sweet cartella

>> No.24306431
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24306431

>>24306133
>biggest gender pay gap
>highest prison population
>most slavery
>lowest voter turnout
>most alcohol deaths
>lowest english proficiency
>least freedom of the press

>> No.24306433

Also wtf happens if I buy paxgold, it's technically a crypto but pegged to ounce of gold.
Gold has 26% tax no matter the total investment.

Bottom line, I guess our retarded government has no idea what it is doing as always

>> No.24306507

anyway, you can just put some breadcrumbs into the chink-card (binance debit card) and spend it to buy the grocery

>> No.24306732

thank you Italy for your amazing food, music and language

>> No.24306747
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24306747

>>24305806
>Chiede consigli su come pagare le tasse su /biz/

NGMI