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Italy

Cryptocurrency Tax Information

Updated March 18, 2026
Capital Gains: 33% (26% for MiCAR-compliant euro EMT)Income Tax: 33% flat (26% for qualifying euro EMT proceeds)
Tax Summary

Italy imposes a flat 33% tax on cryptocurrency capital gains and proceeds starting 2026. Qualifying MiCAR-compliant euro EMT stablecoins are taxed at 26%. All gains are taxable with no de minimis threshold.

Quick facts for Italy
Capital Gains Tax
33% (26% for MiCAR-compliant euro EMT)
Income Tax Rate
33% flat (26% for qualifying euro EMT proceeds)
Capital Gains Tax
33% (26% for MiCAR-compliant euro EMT)
• Gains classified as plusvalenze da cripto-attività.
• Taxable on sales for fiat, crypto-to-crypto swaps, spending on goods/services.
• No exemptions or thresholds apply.
• Flat imposta sostitutiva; LIFO cost basis recommended; losses deductible against future gains for up to 5 years.
Income Tax
33% flat (26% for qualifying euro EMT proceeds)
• Mining rewards taxed as proventi da cripto-attività at 33%.
• Staking and lending rewards taxed at 33% upon receipt.
• Airdrops, DeFi yields treated as proventi at 33%.
• Not subject to progressive IRPEF rates.
Reporting Requirements
• Report foreign crypto holdings in Quadro RW; pay IVAFE 0.2% on yearly average value.
• Report transactions, gains, proceeds in Quadro RT.
• File via Modello Redditi PF; Form 730 if eligible.
• Deadline: November 30 of following year; tax year Jan 1-Dec 31.
Special Notes
• Optional 14% substitute tax on January 1 portfolio value.
• Crypto included in ISEE for social benefits.
• Exchanges must report under EU DAC8 from 2026.
• 2026 Budget Law raised rate from 26% to 33%; high penalties for non-compliance (90-120% of tax due).
• Charitable donations deductible up to 10% of income.
Recent News
Latest updates about crypto taxes in Italy

2026 Italy Crypto Tax Guide: Capital Gains & IVAFE

Outlines 2026 changes including 33% capital gains tax rate and IVAFE reporting requirements for crypto.

March 17, 2026

Best Crypto Exchanges Italy 2026: Fees, Security & Tax Guide

Italy's capital gains tax for crypto rises to 33% as of January 1, 2026, applying to gains exceeding previous thresholds.

March 3, 2026

Crypto taxes in Italy: changes 2023-2026

Regulation increases tax to 33% starting 2026; details transitional rules and impacts.

January 31, 2026

Crypto tax Italy 2026: Quadro RW/RT and resident filing

Explains dual reporting: RW for ownership/monitoring, RT for transactions in 2026.

January 23, 2026

Italy's crypto gains tax rises to 33% on 1 January 2026

New rules impose 33% tax from Jan 1, 2026, with severe penalties for non-declaration.

January 1, 2026

Tasse e cripto-attività nel 2026: cosa cambia

2026 Budget Law sets 33% rate for redditi diversi from crypto; updates ISEE inclusion.

January 1, 2026

Tassazione cripto-attività 2026: plusvalenze e permute

Budget Law activates 33% aliquot on gains and proceeds from crypto activities.

January 13, 2026

Crypto taxation Italy reshaped by 2026 Budget Law

2026 law outlines new rates, reporting, and digital asset rules.

December 23, 2025

Tasse crypto 2026: 33% confermato, 26% solo per EMT euro

Confirms 33% tax from 2026; 26% only for compliant euro EMT stablecoins.

December 30, 2025

Criptovalute: aliquota plusvalenze al 33% nel 2026

Plusvalenze tax rises to 33% in 2026; 26% remains for euro stablecoins.

October 21, 2025

Italy Crypto Tax FAQ

Is cryptocurrency taxed in Italy?
Italy imposes a flat 33% tax on cryptocurrency capital gains and proceeds starting 2026. Qualifying MiCAR-compliant euro EMT stablecoins are taxed at 26%. All gains are taxable with no de minimis threshold.
What is the capital gains tax rate on crypto in Italy?
The capital gains tax rate for cryptocurrency in Italy is 33% (26% for MiCAR-compliant euro EMT). • Gains classified as plusvalenze da cripto-attività.
How do I report crypto taxes in Italy?
• Report foreign crypto holdings in Quadro RW; pay IVAFE 0.2% on yearly average value.
Are crypto-to-crypto trades taxable in Italy?
In most cases, crypto-to-crypto trades are taxable events in Italy. When you exchange one cryptocurrency for another, you may realize a capital gain or loss based on the difference between your cost basis and the fair market value at the time of the trade.

Compare With Other Countries

Disclaimer: This information is AI-generated and for educational purposes only. Tax laws are complex and subject to change. Always consult with a qualified tax professional for advice specific to your situation.