top of page

Italy Sets Terms For Cryptoasset Tax Amnesty


Italian authorities have outlined the process for taxpayers to utilize a tax amnesty program introduced in the country's 2023 Budget for undisclosed cryptoassets.


The tax agency has specified that this amnesty will allow taxpayers to regularize their cryptoasset holdings as of December 31, 2021.


A 3.5 percent penalty will be imposed on undisclosed amounts, with an additional 0.5 percent penalty for each tax period during which the taxpayer failed to report their cryptoasset holdings.


To avail themselves of this amnesty, taxpayers must settle their outstanding taxes and submit a newly issued form by November 30, 2023. The form is named "model for the application for regularization of crypto-assets and related income" or "modello per l'istanza di regolarizzazione delle cripto-attività e dei relativi redditi" in Italian.


Contacts

If you require assistance in relation to the above and/or would like to discuss anything further, please do not hesitate to contact info@act.london or your usual A.C.T. contact.

2 views

Comments


LONDON

27 Hill Street

Mayfair

London W1J 45

UK

Tel: +44 (0) 207 432 6050

Email: info@act.london

DUBLIN

Mespil House

Sussex Road

Dublin 4

Ireland

Tel: +353 (0) 1231 4639

Email: dublin@act.london

DUBAI

Level 3, Boulevard Plaza Tower 1,

Sheikh Mohamed Bin Rashid Boulevard

Downtown Dubai 

UAE

Tel: +971 (0) 4425 7368

Email: dubai@act.london

MONACO

24 Bd. Princesse Charlotte
MC 98000

Monte Carlo

Monaco

Tel: +377 9350 5256 

Email: monaco@act.london

Copyright 2016 - 2020 Website by ACT London Limited |  Privacy Statement   |  Cookies Policy |   All Rights Reserved

A.C.T. London is a private limited company registered in England and Wales under registration number 04505457 and its registered office is at Berkeley Suite, 35 Berkeley Square, Mayfair, London, W1J 5BF, United Kingdom

ICAEW_CharteredAccountants_WHT_RGB.png
bottom of page