Crypto Tax in Italy

A structured summary of how individual crypto taxation works in Italy — the tax regime, headline rate, accepted cost-basis methods, exemptions and anti-avoidance rules.

General information generated from our jurisdiction dataset, not tax advice. Rules change — verify with a local professional.

Individual crypto tax — Italy

General Information

Default Framework

IFRS

Crypto Classification

Intangible Asset, Current Asset

Tax Year

Calendar Year (M12)

Functional Currency

EUR

FX Source (Reporting)

ECB

FX Source (Tax)

ECB

Transaction Rate

Daily Spot

Hyperinflationary

✗ No

Individual Tax — Regime

Tax Regime

Flat Tax

26% substitute tax (imposta sostitutiva) on crypto gains. Introduced by 2023 Budget Law.

Tax Rate

26%

26% flat. Was planned to increase to 42% from 2025 but REVERTED to 26% after backlash.

Individual Tax — Cost Basis

Measurement Basis

Historical Cost

Cost Method

FIFO

Method Electable

✗ No

Permitted Methods

FIFO

Country Override

Standard

Individual Tax — Exemptions

CGT Exempt

✗ No

Holding Period

—

HP Benefit

—

Annual Exemption

—

Threshold Exemption

EUR 2,000 (Freibetrag (Allowance))

Individual Tax — Anti-Avoidance

Wash Sale

✗ Off

Same-Day Rule

✗ No

Superficial Loss

✗ No

Loss Restriction

Unrestricted

Loss Carryforward

Unlimited

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Is crypto taxed for individuals in Italy?

Italy applies a Flat Tax treatment to individual crypto. The table above shows the headline rate, cost-basis method and any exemptions.

Which cost-basis method does Italy use?

See the cost-basis section above for the default method and the alternatives Italy permits for individuals.

Other jurisdictions

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