CandleFocus

The Canton Ticino is ready for the new tax reform on crypto.

Author: Content Editor
The Canton of Ticino in Switzerland is implementing a new tax reform that will reduce corporate profit taxes and ease the fiscal burden, making the region more attractive for businesses and individuals. The reform includes a reduction in the cantonal tax on corporate profits and an increase in the deduction of the tax on capital gains. However, in Italy, taxes on cryptocurrencies continue to hinder the growth of the sector. The new budget law in Italy anticipates an increase in the tax on capital gains for crypto operations, discouraging new investments in the country. This unfavorable tax regime in Italy may push businesses and individuals to consider moving their crypto operations to more tax-friendly jurisdictions like Canton Ticino.

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