The Italian Parliament has passed the 2025 budget, with the cryptocurrency tax rate set to increase to 33% in 2026

The Italian Parliament finally approved the 2025 budget a few days before the end-of-year deadline, marking a significant victory for Prime Minister Meloni. Meloni and his Finance Minister Giorgetti jointly developed a tax reduction plan aimed at winning voter support 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's stipulated upper limit of 3% by 2026. Last-minute adjustments to the budget included deciding to maintain a cryptocurrency tax rate of 26% in 2025 and increase it to 33% in 2026, rather than the initially proposed 42%. The Italian Prime Minister has promised tax cuts for middle- and low-income groups, which will help consolidate his position in power, but this also means that according to EU standards, progress towards fiscal prudence will be slower.