tax on bitcoin profits?

[Serpens66]

Hi

sorry for writing in english here, but it is hard to know in english section who is from italy and who not.

I'm from germany and would like to know how private bitcoin profits are taxed in italy.
Just the profits from normal trading on exchanges and holding coins not longer then one year.

In germany it is a "private sale" and the profits are added to your income, except you holded the coins one year or more.
How is it in italy ?
Do you know how the tax is in other countries? I would like to gather information how tax situation is in european countries.

Regards,
Serpens66

[Cryptology]

If you are trading in a private capacity your realized capital gains will be taxed 26% flat rate.

[Serpens66]

If you are trading in a private capacity your realized capital gains will be taxed 26% flat rate.

thank you.

So private bitcoin trading profit is capital gain in italy?
Are you sure? Most of the time capital gain is only valid for interests and real currencies. And bitcoin is not a real currency, that's why I wonder.
Or is this different in italy?

[picchio]

In Italy is not easy to understand law and tax ...
I know only this ufficial document

http://www.agenziaentrate.gov.it/wps/file/nsilib/nsi/documentazione/normativa+e+prassi/risoluzioni/archivio+risoluzioni/risoluzioni+2016/settembre+2016+risoluzioni/risoluzione+n.+72+del+02+settembre+2016/RISOLUZIONE+N.+72+DEL+02+SETTEMBRE+2016E.pdf

try to undersand, I do not speack english, sorry.

[jack0m]

In Italy is not easy to understand law and tax ...
I know only this ufficial document

http://www.agenziaentrate.gov.it/wps/file/nsilib/nsi/documentazione/normativa+e+prassi/risoluzioni/archivio+risoluzioni/risoluzioni+2016/settembre+2016+risoluzioni/risoluzione+n.+72+del+02+settembre+2016/RISOLUZIONE+N.+72+DEL+02+SETTEMBRE+2016E.pdf

try to undersand, I do not speack english, sorry.

HTTP Error 404.11 - Not Found
The request filtering module is configured to deny a request that contains a double escape sequence.

WTF??

[picchio]

In Italy is not easy to understand law and tax ...
I know only this ufficial document

http://www.agenziaentrate.gov.it/wps/file/nsilib/nsi/documentazione/normativa+e+prassi/risoluzioni/archivio+risoluzioni/risoluzioni+2016/settembre+2016+risoluzioni/risoluzione+n.+72+del+02+settembre+2016/RISOLUZIONE+N.+72+DEL+02+SETTEMBRE+2016E.pdf

try to undersand, I do not speack english, sorry.

HTTP Error 404.11 - Not Found
The request filtering module is configured to deny a request that contains a double escape sequence.

WTF??

A me funziona, magari hai fatto copia/incolla?
Prova http://www.agenziaentrate.gov.it/wps/file/nsilib/nsi/documentazione/normativa+e+prassi/risoluzioni/archivio+risoluzioni/risoluzioni+2016/settembre+2016+risoluzioni/risoluzione+n.+72+del+02+settembre+2016/RISOLUZIONE+N.+72+DEL+02+SETTEMBRE+2016E.pdf

[luxcoin]

it works for me.

Interesting anyway...

Unless I do not think government can understand deeply what is all about - and because of its centralised power represents what BTC and other CCs are against to.

Of course they try to regulate the market but in the end they finally can't do anything for prevent its spread - because it does not need any approval.

[asdlolciterquit]

If you are trading in a private capacity your realized capital gains will be taxed 26% flat rate.

thank you.

So private bitcoin trading profit is capital gain in italy?
Are you sure? Most of the time capital gain is only valid for interests and real currencies. And bitcoin is not a real currency, that's why I wonder.
Or is this different in italy?

i can assure you that right now cg from BTC trading is not taxed. At least for small amount.

i've made some withdraw from kraken to my sepa iban and no one says anything. But i don't know what happen in the future

[amit2007gunjan]

I would point out that in Italy the matter has not yet been regulated. With Resolution 72 of 2016, the Ministry of Finance has ruled that bitcoin proceeds are similar to those in foreign currency, and therefore, modest value and spot transactions are not considered speculative and so are not taxed. Instead speculative bitcoin gains have to be taxed as financial proceeds with a 26% substitute tax.