The Italian Parliament passes the 2025 budget, raising the cryptocurrency tax rate to 33% in 2026

PANews reported on December 28 that the Italian Parliament finally approved the 2025 budget just days before the end of the year deadline. This was an important victory for Prime Minister Meloni. Meloni and her Finance Minister Giorgetti worked together to develop a tax cut package aimed at winning the support of voters while complying with EU fiscal rules. The government plans to reduce the national deficit to 3.3% of GDP next year and below the EU limit of 3% in 2026. Among the last-minute tweaks to the budget were the decision to maintain the cryptocurrency tax rate at 26% in 2025 and increase it to 33% in 2026, instead of the 42% originally proposed. The Italian Prime Minister's pledge to cut taxes for low- and middle-income groups will help consolidate his position in power, but it also means that the pace of returning to fiscal stability will be slower by EU standards.