Italy: the new place to be for big “cash-outs” from cryptocurrencies

The Italian tax authorities officially consider cryptocurrencies as akin to “foreign currencies”. 💴💷 Accordingly, those who relocate to Italy under the so called “lump sum tax regime” may benefit from a full exemption from Italian income tax on gains arising from exchange of cryptocurrencies (and related reporting duties).💡🎯 Under the lump sum tax regime, all foreign incomes are tax exempt provided that an annual 100,000 EUR tax is paid. 💰 An official ruling (filed as non-Italian residents) can be obtained to achieve full tax protection and clarity before relocating to Italy. ✅

bitcoin #cryptocurrencies #tax #Italy #newItalianresidents #lumpsumtaxregime

submitted by /u/Gips_jv
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