Crypto in the Italian 730 or Redditi PF: Which Return

For most Italian filers the first crypto question is not how much tax is due but which form to put it on, and it is a real question rather than a formality: the two returns are different documents with different eligibility, different deadlines and different sections.

The two returns

The Modello 730 is the simplified return, prepared for employees and pensioners, with the substantial advantage that any refund or liability is settled through the payroll or pension payer. The Modello Redditi PF is the general return, available to everyone and required for anyone the 730 does not cover.

Crypto is declared through Modello Redditi PF, or through Modello 730 where you meet its requirements. The practical consequence is that having crypto no longer automatically pushes an employee out of the simplified return, which is a recent change and the reason the question is being asked so often.

Which quadri you actually need

Whichever return you use, crypto touches more than one section, and this is where most errors happen because people complete one and stop.

• Quadro RT carries capital gains and losses on crypto assets. This is where a disposal produces its number.
• Quadro RW carries the holdings themselves, whether abroad or in self custody, and the 0.2% annual wealth charge on the value held.
• Quadro RL or RE carries other crypto income where applicable.

The point that catches people is that RW is not conditional on having sold anything. A year of pure holding, with no disposal and no gain, still involves RW. Filers who reason "no gain, nothing to declare" are wrong specifically because of that box.

What the rate now is

Crypto gains are subject to a flat substitute tax, separate from progressive IRPEF. The rate depends on when the gain was realised: 26% for gains realised in 2025, declared in 2026, and 33% for gains realised from 1 January 2026, declared in 2027, with a reduced 26% rate for MiCAR-compliant euro denominated stablecoins.

The exemption threshold of 2,000 euros was abolished from 2025, so every euro of gain is taxable, though the threshold still applies for earlier years. Verify current rates with the Agenzia delle Entrate before relying on them.

How the choice usually resolves

If you are an employee or pensioner whose situation otherwise fits the 730, the settlement through the withholding agent is a genuine convenience and the crypto boxes are available to you. If you are self employed, if you have income the 730 does not accommodate, or if your position is complex, Redditi PF is where you will end up regardless of the crypto.

What should not drive the decision is a belief that one return hides the crypto better than the other. Both feed the same authority, and holdings are reported through RW either way.

Dates

The tax year is the calendar year. Tax on the previous year's gains is due by 30 June, with a second instalment following. Confirm the current deadlines each year, since they move.

Our crypto tax reports produce the RT and RW figures ready to enter, and Italian crypto tax covers the full framework.

General information, not tax advice. Rules change and depend on your circumstances. Confirm the current position with the relevant tax authority or a qualified tax professional.