Italy Crypto tax
Crypto tax in Italy concerns gains, income and reporting obligations associated with digital assets. The treatment depends on the kind of asset and transaction, the investor's circumstances and the tax year involved. Keeping records of acquisitions, disposals and valuations matters because a crypto position can create obligations beyond the tax payable when an asset is sold.
Italy applies specific rules to crypto assets alongside the taxation of other financial investments. A calculation needs to distinguish the purchase cost, proceeds and relevant category of the asset, including any special treatment of electronic money tokens. Current tax rates and reporting requirements must be checked for the applicable year, with attention to differences from the treatment of shares and bonds.
The rate and the end of the threshold
The 2023 Budget Law brought crypto assets into the Italian tax code from 1 January 2023, and the 2025 Budget Law raised the rate from 26 to 33 percent for gains from 1 January 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 advisors who work for them. The Finance Loop 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.
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What is the crypto tax rate in Italy?
The rate is 33 percent on gains realized from 1 January 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?
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 advisors from Germany, Austria and Switzerland together at events in Frankfurt, Munich, Berlin and Hamburg.
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