EU assesses crypto taxation plan, could contribute €28 billion over seven-year budget cycle

Odaily Planet Daily News The European Commission is evaluating a plan to levy a unified tax on crypto enterprises, the online gambling industry, and large digital platforms to generate new fiscal revenue for the EU budget from 2028 to 2034. Among these, a 0.1% tax rate on crypto transactions is expected to bring approximately €3 to €4 billion in annual revenue to the EU budget; a crypto capital gains tax is projected to contribute between €1 and €2.4 billion annually.

According to European Commission estimates, these two crypto taxes could together contribute approximately €28 billion in revenue over the seven-year budget cycle. Additionally, a 3% tax rate on large digital enterprises is expected to generate €5 billion in annual revenue, while an online gambling tax could contribute €1.9 billion per year. The relevant proposals still face opposition from member states, and their ultimate implementation remains uncertain. (POLITICO)