How crypto tax works in Italy
Italy treats crypto-assets as redditi diversi subject to substitute tax: every gain converting crypto into fiat is taxable from the first euro since the EUR 2,000 threshold was abolished.
The ordinary rate is 33% from January 2026, while qualifying euro electronic-money tokens keep a 26% rate, and crypto-to-crypto swaps between equivalent assets do not realise gains.
Holdings attract a 0.2% annual stamp duty, losses offset gains within four years, and DAC8 reporting feeds exchange data to the Revenue Agency automatically.
Tax rates at a glance
- Crypto gains tax
- 33% / 26% EMT
- General gains
- 33%
- Euro EMT tokens
- 26%
- Stamp duty on holdings
- 0.2%
- Loss carryforward
- 4 years
- Mining and staking
- Taxable
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
Long-term holdersExpatsFreelancers paid in cryptoFoundersCross-border investors
Watch out for
- The 2026 jump from 26% to 33% applies to general crypto-assets while euro EMTs stay at 26%, so stablecoin qualification decides the rate before any calculation.
- No holding-period discount exists: duration is irrelevant to the rate, which penalises patient holders compared with German or Portuguese clocks.
- Staking, lending, mining, and airdrop rewards are taxable as other income on receipt, with residual interpretive uncertainty that rewards case-by-case advice.
- DAC8 feeds 2026 activity to the tax office with first exchanges in 2027, and ISEE wealth scoring now counts family crypto holdings.
Frequently asked questions
How is crypto taxed in Italy in 2026?
Gains converting crypto into fiat face a 33% substitute tax from the first euro, with 26% for qualifying euro electronic-money tokens. Staking, mining, and lending rewards are taxable other income.
Is there a tax-free threshold for crypto in Italy?
No longer. The EUR 2,000 threshold was abolished, so every realised gain counts. Losses can offset gains in the year and be carried forward up to four years.
Do I pay stamp duty on crypto in Italy?
Yes, a 0.2% annual levy applies to holdings at year-end, collected by Italian intermediaries acting as withholding agents or self-paid in the return.