The tax on crypto-assets postponed to September
The tax authorities will extend to 30 September (and therefore to 2 October) the payment relating to the tax on crypto-assets introduced by the last maneuver
With a rather meager press release from Via XX Settembre, they warn that a law will arrive by the end of the month which extends the payment of the tax on crypto-assets to 30 September.
THE MEF RELEASE
The Ministry of Economy and Finance announces that a forthcoming regulatory provision will extend by three months, from 30 June to 30 September 2023, the terms for the payment of the substitute tax on crypto-assets, whose tax regime has been redefined in law budget.
WHAT HAPPENS NOW
In short, the upcoming rule announced in the press release anticipates the deadline set for the end of the current month and postpones everything until the end of the summer. Leafing through the calendar, one notices that the indicated date falls on a Saturday, therefore everything is postponed until Monday 2 October.
The recalculation of the value of the crypto-assets held on 1 January 2023 with the payment of a substitute tax of 14 per cent and the payment estimated in the classic ways (in a single solution or in installments, in three installments, with the initial one by 30 June) is a novella provided for by the latest Budget Law.
TAX ON CRYPTOP ASSETS AND MORE
But, as Il Sole 24 Ore notes today, it is not the only open front on cryptocurrencies. “In fact, one of the twelve amnesties of the tax truce introduced with the 2023 maneuver remains at stake. In fact, the implementing provision that allows undeclared crypto-assets to be “emerged” until the 2021 tax period has not yet been issued Provision that must regulate the procedures for submitting the request for amnesty to the Revenue and for paying the amount due to make it successful: 0.5% for each year on the value of the undeclared assets if they have not produced any income; 3.5% of the value of the crypto-assets held at the end of each year or upon realization".
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/limposta-sulle-cripto-attivita-rinviata-a-settembre/ on Wed, 14 Jun 2023 09:34:57 +0000.