Crypto tax in Italy
Italy taxes the capital gains of private investors on shares and bonds with a substitute tax of 26 percent, and crypto assets used to share that rate. Since January 1, 2026, gains on crypto pay 33 percent, while euro-denominated e-money tokens stay at 26 percent. Dated events on digital assets are in the calendar below.
The rate and the end of the threshold
The 2023 Budget Law brought crypto assets into the Italian tax code from January 1, 2023, and the 2025 Budget Law raised the rate from 26 to 33 percent for gains from January 1, 2026, as the CMS guide to Italian crypto taxation sets out. The former tax-free threshold of 2,000 euros a year no longer applies, so every realized gain counts. Euro-denominated e-money tokens that comply with MiCA keep the 26 percent rate under article 13 of Law 199/2025, the 2026 Budget Law, as Spaziocrypto reports.
Which transactions are taxed
Selling crypto for euros and paying for goods or services with crypto are taxable. Exchanging crypto for crypto with the same characteristics and functions is not; an exchange into an asset with different functions, such as an NFT, is, according to CMS. Losses offset gains of the same year and can be carried forward for four years if they are declared in the return. Without proof of the purchase price the cost basis is zero.
Staking rewards outside a professional activity count as miscellaneous income at the same rate. Mining run as a professional activity falls under the progressive income tax, IRPEF, at up to 43 percent plus local surcharges.
Reporting and the 0.2 percent duty
Crypto holdings go into the Quadro RW section of the tax return, whether held in Italy or abroad, and a duty of 0.2 percent a year applies to their value at year end, the IVCA, as Waltio explains. Italian crypto-asset service providers withhold the duty directly. Under DAC8, registered exchanges send balances and transactions to the Agenzia delle Entrate.
Finance Loop, the meeting place for crypto investors
Finance Loop is the meeting place for investors and wealth managers who hold crypto next to shares and bonds, and for the tax advisers who work for them. Its masterclass Bitcoin for Investors covers portfolio fit, access routes and custody models, and the German and Austrian tax rules have their own pages for comparison. Finance Loop connects the finance, IT and AI communities at events in Frankfurt, Munich, Berlin and Hamburg.
Upcoming events on digital assets
Investment & Digital Assets
Risk & Compliance
What is the crypto tax rate in Italy?
33 percent on gains realized from January 1, 2026, up from 26 percent. Euro-denominated e-money tokens that comply with MiCA stay at 26 percent.
Is there a tax-free amount for crypto in Italy?
No longer. The former threshold of 2,000 euros a year was abolished, so every realized gain is taxable.
Do I have to report crypto held abroad in Italy?
Yes. Holdings on foreign platforms or in a self-custody wallet go into the Quadro RW section of the tax return, and the 0.2 percent duty applies to their year-end value.
Crypto tax in Italy and Finance Loop
Finance Loop covers crypto taxation in its Investment & Digital Assets track, next to custody, crypto funds and the reporting rules of DAC8. Finance Loop brings investors and their advisers from Germany, Austria and Switzerland together at events in Frankfurt, Munich, Berlin and Hamburg.
Finance Loop is a professional network and has the goal of driving the adoption of emerging technologies in finance, such as AI, digital payments, cloud and blockchain solutions. Finance Loop helps its members build skills and personal networks in these fields: Investment & Digital Assets, Payments & Digital Money, Digital Infrastructure & Sovereignty, and Risk & Compliance.