As Italy considers elevating taxes on cryptocurrencies from 26% to a whopping 42%, it might be a very good time to freshen up on European crypto tax.

This helpful chart outlines what essential taxes an informal cryptocurrency proprietor must declare. As at all times, make certain to do your personal research — these charges are topic to vary at any time, and a few nations 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 supply the bottom tax charges within the EU at press time.

In the meantime, nations like Luxembourg, Denmark, Finland, Netherlands, Germany, and Eire demand the very best tax charges on crypto at press time.

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