'%3e%3cpath%20fill='%23eee'%20d='M167%200h178l25.9%20252.3L345%20512H167l-29.8-253.4z'/%3e%3cpath%20fill='%236da544'%20d='M0%200h167v512H0z'/%3e%3cpath%20fill='%23d80027'%20d='M345%200h167v512H345z'/%3e%3c/g%3e%3c/svg%3e)
Crypto tax in Italy 2026
From 1 January 2026 Italy taxes crypto gains at a flat 33% — one of Europe's sharpest rates, up from 26%, and the old €2,000 annual threshold is gone, so every euro of realised gain is taxable.
One carve-out survives: gains on qualifying euro stablecoins — tokens pegged to the euro with fully euro-denominated reserves at EU-authorised issuers — stay at 26%.
At a glance
- top rate
- 33% flat on realised gains
- entry band
- 26% for qualifying euro stablecoins
- tax year basis
- Calendar year
- filing deadline
- Via the annual return (2 November 2026 this season)
- residency basis
- Residents taxed on crypto gains worldwide
- regime flag
- Undocumented purchase cost is treated as zero
Rates
Crypto taxation for individuals (2026)
| Rate | Base | Applies to |
|---|---|---|
| 33% | Realised gain | Disposals of crypto assets from 1 January 2026 |
| 26% | Realised gain | Qualifying euro stablecoins (euro-pegged, EU-authorised reserves) |
| 26% | Realised gain | Historic rate — disposals up to 31 December 2025 |
Thresholds & allowances
- Tax-free thresholdNone from 2026
The former €2,000 annual exemption was abolished with the rate rise
- Cost basisMust be proven with reliable records
No documentation means the purchase cost counts as €0 and the whole sale price is the gain
Residency
Residency trigger
Live in Italy and your crypto gains are taxable here wherever the exchange or wallet sits; gains count as miscellaneous income settled by the flat substitute tax.
Non-resident treatment
Non-residents are generally outside Italian crypto tax on personal holdings kept abroad; Italian-held assets and Italian business activity are a different matter.
Notes
- Gains are measured against a documented purchase cost — keep exchange statements and wallet records, because missing paperwork sets your cost to zero.
- Foreign-held crypto also feeds Italy's 0.2% tax on financial assets abroad and its monitoring declarations — a separate cost on holding, not selling.
- A 2025 window allowed stepping up crypto cost basis by paying a special substitute tax; whether any equivalent applies for 2026 was not confirmed — take advice before relying on it.
- The 33% applies to gains realised from 2026 even on coins bought years earlier — there is no grandfathering by purchase date.
- No dedicated official guidance classifies mining, staking or airdrop rewards — the 33% substitute tax covers disposals; take advice before assigning rewards to any category.
FAQ
How much tax does Italy charge on crypto gains?
33% flat on gains realised from 1 January 2026 (formerly 26%). Qualifying euro stablecoins keep the 26% rate.
Is there still a tax-free crypto allowance in Italy?
No — the €2,000 annual threshold was abolished from 2026, so gains are taxable from the first euro.
Figures: tax year 2026, compiled from public sources. Not tax advice.