National Revenue Agency: Circular 30/E with final guidance on the taxation of crypto-assets.

With Circular No. 30/E of 27 October 2023, the National Revenue Agency provides the final indications on the taxation of crypto-assets ('all digital representations of value or rights that do not qualify as financial instruments') provided for by the Budget Law 2022, which introduced as a new category of miscellaneous income - subject to taxation at a rate of 26 per cent - those attributable to the holding, redemption and transfer of values and rights through Distributed Ledger Technology.