Italy Crypto Tax Guide 2025

Italy requires capital gains reporting in Quadro RT and wealth monitoring in Quadro RW. The ordinary crypto rate is 26% through tax year 2025 and 33% from 2026. The €2,000 franchigia applies to cessions realised up to 31 December 2024 and does not apply to cessions from 1 January 2025. The 26% rate from 2026 applies only to euro-denominated electronic-money tokens under MiCAR art. 3(1)(7).

The €2,000 threshold applies to cessions realised up to 31 December 2024, including those collected in 2025, and is applied at RT57 column 2. For cessions from 1 January 2025, each positive taxable slice is included in the Quadro RT base without limit, subject to the applicable rate.

Ordinary cryptocurrency gains are taxed at 26% through tax year 2025 and 33% from 2026. The 26% rate from 2026 applies only to euro-denominated electronic-money tokens under MiCAR art. 3(1)(7). Gains are calculated from proceeds less acquisition cost and reported in Quadro RT.

Report cryptocurrency capital gains on Quadro RT of Modello Redditi PF. Declare total sale proceeds, total acquisition costs, net gain, and tax due. Taxxy keeps RT proceeds and basis fields in the detailed and full reports.

If you hold cryptocurrency on foreign exchanges or in non-custodial wallets, you MUST file Quadro RW (RW Section) even if you had no disposals. RW is a wealth monitoring form separate from capital gains. Declare the value of your holdings at year-end (December 31) and the maximum value during the year. RW filing is mandatory for crypto you hold yourself or through foreign providers. Crypto held through an Italian intermediary that taxes the income at source (withholding or imposta sostitutiva) is exempt from the monitoring duty (D.L. 167/1990 art. 4 c. 3; Circolare 30/E 2023).

In addition to capital gains tax, Italy charges the imposta sul valore delle cripto-attività, a 0.2% annual tax on the value of crypto-assets held by Italian-resident taxpayers, however they are stored and wherever they are held (Circolare 30/E 2023). It is reported in Quadro RW row RW8 and paid with F24 codice tributo 1727. It is not IVAFE, which is RW6 (codice 4043) and applies to financial products. The tax is payable even if you didn't sell any crypto. It's a wealth tax similar to Norway's formueskatt but at a lower rate.

Mining rewards and staking income received from 2023 are miscellaneous income (redditi diversi, art. 67 c. 1 lett. c-sexies TUIR) taxed at the 26% substitute rate through tax year 2025 (33% from 2026), without any deduction. Report them in Quadro RT, not as progressive-rate income in Quadro RL. The EUR value when received becomes your cost basis.

Trading one cryptocurrency for another is a taxable disposal. Calculate the gain or loss in EUR at the moment of trade. Each swap contributes to Quadro RT, with no €2,000 franchigia for cessions from 1 January 2025.

Italy mandates LIFO (last in, first out) when you hold several units of the same crypto-asset: the acquisition cost of a disposal is taken from the most recent purchases first (Circolare 30/E 2023). Taxxy applies LIFO to Italian disposals.

Maintain comprehensive records for at least 7 years: transaction dates and times, EUR values at transaction time, exchange names, wallet addresses, year-end balances for Quadro RW, and cost basis calculations.

Taxxy generates Quadro RT calculations with proceeds and acquisition costs, Quadro RW wealth monitoring reports, IVAFE tax at 0.2%, EUR valuations, and labelled custom reports when the requested year has no bundled official form.