Crypto tax in Italy (2026): 33%, no threshold, and a monitoring form with no de minimis
Italy raised the substitute tax to 33% from 1 January 2026 and abolished the €2,000 exemption that used to sit under it. Separately — and this is the part that catches people — every wallet must be listed on the monitoring form, including self-custody, with no minimum at all.
Which exchanges report on you, and since when? — the free lookup →
| Tax rate | A substitute tax of 33% from 1 January 2026, up from 26%. The €2,000 annual exemption was abolished for 2025 onward.1 Unverified: the Gazzetta Ufficiale and Normattiva refuse automated access; the rate and the repeal are well attested but the exact commi of L. 207/2024 differ between sources |
| Holding period | None.1 |
| Crypto for crypto | Not always taxable. Exchanges between crypto-assets with the same characteristics and functions are not realisation events; exchanges across categories — an NFT for a payment token — are.2 |
| Quadro RW — the one nobody expects | Crypto must be reported for fiscal monitoring regardless of where or how it is held, and the €15,000 threshold that applies to foreign financial assets does not apply. There is no de minimis. One row per wallet, digital account or storage system, self-custody included — USB drives, computers, phones.2 |
| The 0.2% levy | An imposta sul valore delle cripto-attività of 2 per mille annually, payable by residents where no Italian intermediary has applied stamp duty — which includes foreign providers and self-custody. IVAFE does not apply; crypto has its own levy.2 |
| Declaring | Modello Redditi Persone Fisiche — gains in Quadro RT, monitoring in Quadro RW (Quadri T and W in the Modello 730).3 Unverified: the form mapping and the filing deadlines could not be verified against the Agenzia's own pages, which block automated access |
| Who knows | Council Directive (EU) 2023/2226 — transposition due 31 December 2025, obligations apply from 1 January 2026, and the first exchange of information covering 2026 takes place by 30 September 2027. Italy is on the OECD CARF list for 2027.4 |
Tax authority: Agenzia delle Entrate — https://www.agenziaentrate.gov.it
Why your records — not the rules — are the real problem
The single most important sentence in the Italian regime: the taxpayer must hold documentation with certain and precise elements evidencing acquisition cost — purchase documentation from the provider, bank statements showing the acquisitions, or other intermediary evidence. In the absence of such elements, the cost equals zero.
Zero cost in the absence of evidence is not a worst case in Italy — it is the stated rule. Which makes reconstructing the acquisition chain not a way to reduce tax but the only way to have a cost at all.
That is the gap ClearBasis closes: we rebuild the complete acquisition history from exchange files and on-chain records, match every transfer between your own wallets so moving coins is never taxed as selling, and attach evidence to every number.
A correction worth making, because most guides get it wrong: the 0.5% and 3.5% figures that circulate are from the closed regolarizzazione amnesty under L. 197/2022, not the ordinary penalty regime. Ordinary Quadro RW penalties sit in art. 5 of D.L. 167/1990. We did not verify those rates, so we do not quote them.
What you can use today, in Italy
The free scan shows your true gains against proceeds-only in about three minutes. The Global Basis Report (from $99) is the full evidence-linked ledger — acquisition costs, disposal gains, local-currency values with cited FX — the document you or your accountant declare from.
Run my free scanComing for Italy
Declaration formatting for Italy — your report's totals mapped to the local return's fields, reviewed by a local tax professional before we ship it, and this page published in it · en · ro. Run and save a free scan to join the list: you will be emailed the day it opens, and demand decides how fast.
Start with the free scanQuestions people in Italy actually ask
Do I have to declare a hardware wallet on Quadro RW?
On the Agenzia's guidance, yes — the obligation covers crypto held in any storage system including USB drives, computers and phones, one row each, with no threshold. There is an exception where loss or theft of the private keys is evidenced by a police report.
Is the rate really 33% now?
That is the well-attested position for 2026, up from 26%, with a 26% carve-out for euro-denominated e-money tokens meeting the MiCAR conditions. We could not open the Gazzetta Ufficiale to confirm the exact commi, and we say so rather than pretend.
What if I have no purchase documentation?
Then the cost is zero and the whole disposal value is taxed. This is the harshest documentation rule of any country on this site.
The primary sources listed below are monitored for change. Confirmed factual updates publish with a new version stamp; substantive rule changes are verified by a professional before this page changes. Where a claim carries an unverified badge above, it means the authority's own site refused us access to the document that would settle it — we would rather show you the gap than paper over it.
1. Agenzia delle Entrate — crypto-to-crypto is not a realisation event · 2. Circolare 30/E of 27 October 2023 (via a verbatim reproduction; the Agenzia's own PDF was unreachable) · 3. Fondazione Nazionale Commercialisti — the substitute tax on crypto gains · 4. DAC8. Retrieved 28 August 2026. This guide is information, not tax advice; rules change — the page is versioned (it-2026.1), re-reviewed annually, and the English master is canonical. For binding answers, consult the authority named above or a licensed local tax advisor. Every country we cover → · How Italy compares with thirteen others →