🇪🇺 Europe
Crypto & taxes in Italy
- Capital gains (substitute tax)
- 33% from 2026
- Tax-free threshold
- None (€2,000 threshold abolished)
- Euro e-money tokens (EMT)
- 26%
- Wealth/stamp tax
- 0.2% per year
Crypto regulation
Italy transposed MiCAR via Legislative Decree 129/2024, in force since September 2024. The competent authorities are CONSOB and Banca d'Italia (the latter for e-money tokens); the transitional regime for operators already registered with the OAM ends by 1 July 2026.
Taxation
Residents' crypto capital gains are taxed via a substitute tax at 33% from 2026 (26% for euro e-money tokens), with the former €2,000 tax-free threshold abolished. Gains are taxed as "miscellaneous income" with loss offsetting allowed.
Useful information
Crypto-assets must be reported in the RW/W section for fiscal monitoring, even if self-custodied, and are subject to a 0.2% value tax (alternative to stamp duty if held via a resident intermediary). In 2025 a cost-basis revaluation at an 18% substitute tax was available (window now closed).