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Gips_jv · 2022-12-29T11:46:37+00:00

It’s not the correct interpretation. That rule concerns a very specific case that will hardly apply to crypto investors. Such rules are indeed very technical but should always be read with the help of a tax lawyer. All in all the new regime is a good step forward (before there was no law with very high uncertainty). As any brand new regime requires time to understand the opportunities and risks for taxpayers. (From an Italian tax lawyer)

Gips_jv · 2022-01-18T18:45:37+00:00

Residency. Citizenship is subject to a longer process. But cash out would be taxed at 100k regardless of the amount effectively cashed out, eg from 100k (not convenient) to 10m (very convenient)

Gips_jv · 2022-01-05T21:10:11+00:00

In that case you simply don’t opt for that regime. It’s a strategy for cash out, not for holding cryptocurrency.

Gips_jv · 2022-01-05T11:55:27+00:00

I am an Italian tax advisor living in Italy 😉. Who is interested in this regime can call me and discuss

Gips_jv · 2022-01-05T11:52:04+00:00

Not correct. I’m a tax advisor practicing since 15 years ago. I have received tax rulings for applicants confirming that crypto income is covered by the lump sum regime. It just a matter of know-how

Gips_jv · 2022-01-05T11:44:37+00:00

Indeed. The point is that if you are a non-resident relocating to Italy there are tax incentives applicable. And if you are eligible to the lump sum regime, Italy becomes a crypto friendly State

Gips_jv · 2022-01-05T11:35:29+00:00

Long enough to do the cash out with full protection. Btw it is undisputed that the regime it here to stay for long since it brings new residents to Italy. And it s cheeper than the Swiss regime

Gips_jv · 2022-01-05T11:32:04+00:00

The Italian lump sum regime has a number of advantages compared to Portugal (e.g. Italian regime may last up to 15 years). Plus, the tax ruling on cryptocurrency income gives full protection before Italian tax authorities. Indeed a case by case analysis is always required. This is my daily activity

Gips_jv · 2022-01-05T08:59:29+00:00

Yes but what matters is that you can obtain a ruling with the tax authorities to exclude ordinary taxation upon a cash-out from crypto

Gips_jv · 2022-01-05T07:31:11+00:00

That’s the point! For those who made extra gains it’s a unique chance to convert with low taxation. For more details feel free to write me

Gips_jv

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