Italian tax treatment of successions of virtual currency estates

| Press

Maurizio Di Salvo, Partner, Lawyer and CPA specialized in tax issues regarding personal estate planning, analyses the Italian tax treatment of successions of virtual currency estates.

The article is divided into three parts, the first emphasising the growing use of virtual currencies as the payment method and the possible future implications of such phenomenon. The second part examines the urge to align the international legislative and tax framework regarding virtual currencies (as recommended in OECD’s paper ‘Taxing Virtual Currencies: An Overview of Tax Treatments and Emerging Tax Policy Issues’). The final chapter outlines the Italian legal and tax framework, with particular regard to the transmission of virtual currencies in family contexts.