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. ✅

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