Crypto tax in Italy in 2026
From 2026, 33% on gains instead of 26%, with no tax-free 2,000 euros. A coin-to-coin swap triggers no tax, and holding coins costs 0.2% a year. How to calculate it and what to declare.
| Item | In 2026 |
|---|---|
| Rate for individuals | 33% on gains, 26% for euro e-money tokens |
| Holding period relief | none |
| Coin-to-coin swap | no tax arises |
| Losses | carried forward 4 years against crypto gains |
| Tax on value | 0.2% a year on the value of coins |
| Tax return | annual, with a foreign assets section |
| Data exchange | from 2027, data collected from 2026 |
Data checked 2026-10-06
Italy was among the first in Europe to write a crypto tax into law, and from 2026 it made it noticeably heavier. An individual's gain from selling coins is taxed at a 33% substitute tax instead of the previous 26%, and the 2,000-euro annual tax-free threshold was abolished back in 2025.
Tax arises when coins are turned into euros or used to pay for goods and services. Swapping one coin for another triggers no tax. Separately, the holder pays 0.2% a year on the value of crypto and reports it in the foreign asset declaration.
Who pays crypto tax in Italy
An Italian tax resident is someone who for more than 183 days a year is registered in the Italian population register, has a home or centre of interests in Italy, or is physically present in the country for most of the year.
A resident pays tax on worldwide income, including sales of coins on foreign exchanges, and declares foreign crypto-assets. A non-resident pays only on Italian income.
Wealthy new residents can use a regime of a flat tax on foreign income instead of the ordinary calculation; it suits those with large income outside Italy and needs a separate decision before moving.
Russia suspended the main articles of its tax treaty with Italy from 8 August 2023, so the date of moving and the change of residency must be documented especially carefully. More on the Italy taxes page.
How to calculate crypto income
Tax is calculated per sale for euros or payment in crypto: the value received minus the purchase price. Gains are taxed at 33%, euro e-money tokens at 26%.
A loss on selling crypto reduces crypto gains of the same year, and an unused loss can be carried forward for the next 4 years. It is not set against salary or other income.
A coin-to-coin swap triggers no tax: the purchase price of the first coin passes to the second, and tax is calculated when you exit into euros or pay with crypto.
| Situation | Calculation | Tax |
|---|---|---|
| Bought coins for $10,000, sold for $15,000 | $5,000 × 33% | $1,650 |
| Swapped a coin for another with a $3,000 gain | no tax until sold for euros | $0 |
| A $6,000 gain and a $2,000 loss in one year | ($6,000 - $2,000) × 33% | $1,320 |
| A $2,000 loss last year, a $6,000 gain this year | loss carried forward: ($6,000 - $2,000) × 33% | $1,320 |
| Coins worth $50,000 at year end, no sales | 0.2% tax on value | $100 |
Amounts in US dollars at the European Central Bank rate of 6 October 2026, tax rounded.
Italy from 2026: 33% on gains plus 0.2% a year on the value of coins
The usual mistakes are in two places: taxing a coin-to-coin swap that is not taxable, and forgetting the annual foreign asset declaration and the 0.2% tax on the value of crypto, which is due even without sales. We collect trades from all platforms, calculate gains and carried-forward losses, fill in the foreign assets section and prepare a package for the bank.
The cost of support depends on the number of trades and platforms; a manager will calculate it in the chat.
Mining and staking
Mining and trading carried on as a continuous activity are taxed as business income on the general income tax scale, not at the 33% rate.
An individual's staking rewards are treated as income from crypto-assets. The value of the coins on the date received becomes their purchase price on a later sale, so each reward is recorded right away.
If you are paid in crypto for your work or services, that is employment or business income on the ordinary scale, not a gain on selling coins.
Cashing out crypto and moving it to a bank
You can sell crypto for euros through platforms legally operating in the EU and withdraw the money to an Italian bank account. The withdrawal itself is not taxed; the tax is calculated on the sale.
Italian banks check incoming funds from exchanges under anti-money laundering rules and may ask for trade statements, the platform agreement and proof of where the first coins came from.
Banks do not accept deposits above 100,000 euros, about $112,100, from Russian citizens without EU residence, so a large withdrawal is planned together with the status.
Crypto account data sharing
From 1 January 2026 the EU directive on exchanging crypto-asset data applies: platforms collect data on clients' trades, and the first exchange between tax authorities takes place in 2027. The Italian tax agency will see residents' sales on platforms in the EU and in countries that have joined the standard of the Organisation for Economic Co-operation and Development.
An Italian resident already reports crypto-assets on foreign platforms and in wallets in the return every year, whatever the amount. Omitting this section carries a fine calculated as a percentage of the assets.
If assets and sales were not declared in past years, it is safer to correct them yourself before the tax office sends a request.
Licences for crypto companies in Italy
Companies that exchange, hold or transfer clients' crypto in the EU operate under a crypto-asset service provider authorisation under the EU Markets in Crypto-Assets Regulation. In Italy supervision is carried out by the Bank of Italy and the National Commission for Companies and the Stock Exchange.
An Italian company's profit is subject to corporate income tax and the regional tax on productive activities. A comparison of countries for a licence is in our article on the crypto licence.
An international project without Italian clients often finds a licence in another country more convenient, and an Italian company is set up for a related business.
Murblz sets up crypto companies and licences in these services: crypto licence: countries and costs, crypto licence in Estonia, BVI company with a virtual asset service provider licence.
This topic in other countries
Crypto tax in other countries:
- Crypto tax in Kazakhstan in 2026
- Crypto tax in Germany in 2026
- Crypto tax in the USA in 2026
- Crypto tax in Belarus in 2026
- Crypto tax in Poland in 2026
- Crypto tax in Georgia in 2026
- Crypto tax in the UAE in 2026
- Crypto tax in Portugal in 2026
- Crypto tax in Turkey in 2026
- Crypto tax in Serbia in 2026
- Crypto tax in Kyrgyzstan in 2026
- Crypto tax in Cyprus in 2026
- Crypto tax in France in 2026
- Crypto tax in Spain in 2026
- Crypto tax in Switzerland in 2026
- Crypto tax in Singapore in 2026
- Crypto tax in Thailand in 2026
- Crypto tax in Argentina in 2026
- Crypto tax in Brazil in 2026
- Crypto tax in El Salvador in 2026
- Crypto tax in the United Kingdom in 2026
- Crypto tax in Estonia in 2026
- Crypto tax in the Czech Republic in 2026
- Crypto tax in Malaysia in 2026
- Crypto tax in Panama in 2026
- Crypto tax in Paraguay in 2026
- Crypto tax in Uruguay in 2026
- Crypto tax in Canada in 2026
- Crypto tax in Lithuania in 2026
- Crypto tax in Latvia in 2026
Taxes, relocation and business in this country:
Where crypto is not taxed at all is covered in countries with no crypto tax.
FAQ
What is the crypto tax in Italy in 2026?
Is swapping one crypto for another taxed in Italy?
What is the 0.2% crypto tax in Italy?
Can a crypto loss be carried forward in Italy?
Has Italy abolished the 2,000-euro tax-free threshold?
Do you have to declare crypto on foreign exchanges in Italy?
How is mining taxed in Italy?
Will the Italian tax office know about exchange trades?
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