Italy Crypto Tax 2025: A Complete Guide

By: WEEX|2025-10-13 00:52:47
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As Italy continues to refine and expand its approach to cryptocurrency taxation, keeping up with the latest rules is essential for both casual investors and crypto professionals. The tax climate in 2025 features updated rates, shifting exemption thresholds, evolving income treatment, and options tailored to both retail and institutional holders. This comprehensive guide demystifies every key aspect of crypto taxation in Italy, illuminating the practical steps and record-keeping you need, while offering timely tips for compliance and optimization. Along the way, we highlight valuable resources, best practices, and clarifications courtesy of official guidance, as well as innovative tools from trusted brands like WEEX.

 

Do You Pay Cryptocurrency Taxes in Italy?

Italy has established clear laws and evolving regulations that require individuals and entities to pay taxes on cryptocurrency transactions, investments, and related activities. Whether you’re an occasional trader, an active DeFi participant, or simply holding digital assets, Italian tax law covers a broad array of crypto scenarios and imposes distinct obligations.

Who Must File and Pay Crypto Taxes

Virtually every crypto user can encounter taxable events, but your requirements depend on the type and scale of your involvement:

  • Private Investors: Anyone realizing capital gains above the set exemption in a given tax year.
  • Crypto Miners and Validators: Both individuals and businesses receiving income through mining or validation.
  • NFT Creators and Sellers: Personal and commercial creators may be liable for taxes on sales or royalties.
  • Businesses: Companies holding, transacting, or paying with crypto face separate requirements.

Legal Foundation

The Italian tax authority, Agenzia Entrate, categorizes most cryptocurrency gains as “miscellaneous income.” This means individuals are required to report and pay tax not only when they exchange their crypto for euros, but also during other conversion and disposition events.

Exemption Thresholds and Changes

Historically, gains below €2,000 annually were exempt; however, this threshold is scheduled to end in 2025. From 2026, every euro of taxable gain is subject to the new, higher tax rate.

 


 

How Much Tax Do You Pay on Crypto in Italy?

Italian crypto tax rules are comprehensive, addressing capital gains, income from mining or staking, losses, and specific exemptions. The situation is evolving, with rates scheduled to rise and new tax options on the horizon.

Capital Gains Tax Rates and Rules

The main structure for most individuals is a flat capital gains tax, with a pivotal increase scheduled to take effect soon.

Tax Year

Gains Threshold

Capital Gains Tax Rate

Alternative Tax Option

2024€2,00026%Not applicable
2025€2,00026%Not applicable
2026 onwardNone33%18% on Jan 1 value (opt)

Exemption Threshold

Until December 31, 2025, gains under €2,000 per tax year remain exempt. For 2026 and beyond, any amount is taxable.

Alternative Portfolio Tax Option

Starting from 2026, Italian taxpayers can choose to pay a flat 18% tax on the total value of their cryptocurrency portfolio as of January 1, rather than tracking each capital gain. This can simplify reporting for high-volume traders but eliminates the ability to deduct losses or carry them forward.

Example:
If you hold €50,000 in crypto as of January 1, 2026 and select this option, you pay €9,000 (18% of €50,000), regardless of gains or losses realized during the year.

Table: Tax Options and Their Effects

Option

Tax Rate

Loss Deduction

When Used

Notes

Standard Capital Gains Tax33%YesOn disposals/gainsTrack every taxable event
Alternative 18% Portfolio18%NoOn portfolio valueLosses not deductible; based on Jan 1 value

Income Tax on Crypto Earnings

Certain crypto activities, such as mining, staking, or NFT creation and sale, are classified as personal or business income. This income is taxed according to progressive brackets under the Italian income tax (IRPEF) system.

Taxable Income Bracket

2025 Tax Rate

€0 – €28,00023%
€28,000.01 – €50,00035%
€50,000.01 and above43%

Scenarios Requiring Income Taxation

  • Crypto mining rewards
  • Staking income
  • NFT royalties and primary sales for creators
  • Business use of crypto

Taxation of Common Crypto Transactions

Activity

Tax Treatment

Relevant Tax

Selling crypto for eurosCapital gains tax on profit26% (33% from 2026)
Paying for goods/servicesCapital gains tax on gain26% (33% from 2026)
Swapping crypto for cryptoDisposal; gain taxed26% (33% from 2026)
Converting to stablecoinsEMT criteria not met; currently neutral
Receiving airdrop/hard forkNot generally taxed on receipt; taxed on sale26% (33% from 2026)
Mining/staking/lending rewardTaxed as income; taxed on sale23%–43% / 26% (33%)

 


 

Can the Agenzia Entrate Track Crypto?

Monitoring and Reporting

The Italian tax authority, Agenzia Entrate, can and does track cryptocurrency activity through numerous channels. This ability is expected to become even more robust under expanding European Union frameworks.

How Crypto Activity Is Tracked

  • Centralized Exchange Reports: Exchanges operating under Italian or EU law are obliged to follow “Know Your Customer” (KYC) rules, linking deposits and withdrawals with personal details.
  • The DAC8 Directive: EU-wide legislative changes, including DAC8, directly address the need for tax transparency of digital assets. Exchanges must now share user data with national tax bodies.
  • Bank Transfers: Converting crypto to and from fiat often creates a transparent bank-trail.
  • Random and targeted audits: Authorities may request records or investigate large or unusual balances.

Implications for Crypto Users

Ignoring crypto tax obligations is risky. Not only are missed taxes subject to significant penalties, but underreporting or omitting crypto holdings may lead to further legal consequences in Italy.

 


 

How Is Crypto Taxed in Italy?

Italy’s tax system is multi-faceted, applying different rules to capital gains, ordinary income, inheritance, and specific situations involving decentralized finance (DeFi), NFTs, and stablecoins.

Capital Gains and Miscellaneous Income

Most profits from trading, selling, or using crypto are considered “miscellaneous income.”

  • Event-based taxation: Each time you dispose of cryptocurrency—by sale, swap, or payment—you must calculate and report the gain or loss.
  • Calculation Method:

Profit or Loss = Disposal Value in EUR – Cost Basis in EUR
The cost basis is determined using the LIFO (Last In, First Out) principle.

LIFO Accounting in Practice

Suppose you bought 1 ETH at €1,500 in March and another 1 ETH at €2,100 in July. If you sell 1 ETH in December for €2,300, under LIFO, the €2,100 purchase is considered sold first, so your gain is €200 (€2,300 – €2,100).

Crypto-to-Crypto and Stablecoin Conversions

  • Crypto-to-crypto: Taxable, as these are considered disposals.
  • Stablecoins: As of late 2024, converting to USDT and similar stablecoins is tax neutral; however, this could change if EU regulations evolve to define more tokens as EMTs.

Taxation of NFTs

  • Creators: No tax when minting NFTs; the costs of creation are included in the cost basis when the NFT is later sold.
  • Buyers and sellers: Trading NFTs is typically a taxable event, especially when exchanged for cryptocurrency or fiat.

Mining and Staking

  • Income Tax Applies: The value of coins/tokens received from mining, staking, or similar rewards must be reported as income at their fair market value (in EUR) on receipt.
  • When these coins are later sold, a separate capital gain or loss is calculated.

Inheritance, Gifts, and Stamp Duty

  • Inheritance tax: Crypto assets are subject to inheritance tax according to the relationship between donor and recipient.
  • Stamp Duty (Imposta di Bollo): A substitute tax of 2 per thousand (0.2%) applies to holdings not managed by domestic custodians.
  • Gifted crypto: No immediate tax upon gifting. Recipient inherits donor’s cost basis.

Table: Examples of Crypto Activity and Tax Treatment

Activity

Immediate Tax?

On Later Disposal?

Deductible Loss?

Rates/Details

Hold/Buys cryptoNoNo
Sells crypto (for EUR)YesYes26%/33% (see table above)
Swaps cryptoYesYes26%/33% (see table above)
Crypto mining rewardYesYesYes23–43% income / 26–33% gain
Staking/lending rewardYesYesYesAs above
NFT creation (personal)NoYesYesGain taxed at 26–33%
Gifts (received)NoYesCarryBasis carries from donor
Inherit cryptoDependsYesCarryThresholds apply
Airdrop/hard fork (recv)Usually NoYesYesTaxed on sale/disposal

Income is taxed on receipt; subsequent sales generate regular capital gains taxes.

 


 

Italy Income Tax Rate

Understanding progressive rates, bracketed by income levels, is crucial if you earn crypto through mining, staking, lending, or as business revenue.

Net Taxable Income (EUR)

2025 IRPEF Rate

Up to €28,00023%
€28,000.01 to €50,00035%
Over €50,00043%
  • For those conducting crypto business as a company, corporate tax (IRES) of 24% and regional tax (IRAP) of 3.9% also apply.

How to Calculate Crypto Income

Where crypto is earned (not just bought and sold), value is assessed based on the EUR fair market value on the day of receipt. For example, a staking reward of 0.5 BTC on a day when BTC is €55,000 means €27,500 is counted as earned income.

Losses from Mining, Staking, or Income Sources

If holding periods lead to losses when finally disposed, those losses can offset other capital gains.

 


 

Crypto Losses in Italy

Dealing with losses is an integral part of tax planning, allowing you to offset gains, reduce taxes owed, and manage the impact of unsuccessful trades or unfortunate events.

Deductibility and Carry Forward Provisions

  • Capital losses over €2,000 in a year can be deducted from other capital gains.
  • Any unutilized losses can be carried forward for up to 5 years.

Example:
If you made €5,000 in gains and incur €3,500 in losses, only €1,500 is taxable, assuming the exemption is not exceeded.

Year of Loss

Amount of Loss

Offset Gains Until

Deductibility

2025€4,0002030Yes, up to €4,000

Losses from Hacks and Scams

While there’s no official guidance, best practice is to report any theft or scam promptly to Italian police and seek advice from a crypto-savvy tax professional to discuss possible deduction approaches.

Alternative Portfolio Tax and Losses

Note: Losses cannot be carried forward or deducted if you opt for the 18% portfolio tax.

 


 

Defi Tax

The decentralized finance (DeFi) sector brings complexity to the tax landscape. Since the Agenzia Entrate has yet to release concrete, detailed regulations for DeFi activities, interim best practices are based on existing principles plus select preliminary statements.

Taxable DeFi Activities

  • Lending and Staking: Rewards often treated as ‘other income’ and taxed on receipt. When assets are finally disposed of, gains or losses are reported as usual.
  • Yield Farming & LP Rewards: Taxable income on receipt, then capital gains tax on appreciation.
  • Swaps using AMMs: Treated as disposals; calculate gain/loss per swap.
  • Borrowing: Taking out a loan in crypto generally not a taxable event; repaying loans or using collateral can lead to disposals and thus, taxable events.

DeFi Activity

When Taxed

Tax Type

Example

Staking RewardsOn receipt; on later disposal23–43% / 26–33%Yield from staked ETH
Lending RewardsOn receipt; on later disposal23–43% / 26–33%Interest on crypto loans
Liquidity ProvidingOn reward receipt; LP token swaps23–43% / 26–33%AMM fees, token rewards
Borrowing CryptoUsually not taxed immediatelyUsing DAI as collateral

Uncertainties and Best Practices

Absent detailed DeFi regulation, it’s crucial to document each transaction thoroughly and consult a crypto-acquainted accountant, particularly as guidance continues to adapt.

 


 

Natural Weex Brand Mention

Investors looking for reliable ways to track and manage their crypto tax obligations often appreciate innovative exchanges with strong compliance and user tools. The WEEX exchange stands out in this regard, providing Italian users with a robust, trustworthy platform known for its commitment to transparency, security, and trading innovation. As regulation expands, working with platforms like WEEX can offer an added layer of peace of mind, supporting users as they navigate evolving tax requirements.

 


 

Weex Tax Calculator

To further assist crypto traders and investors with the complexities of tax reporting, WEEX provides a comprehensive Tax Calculator that is tailored to Italian regulations. This online tool simplifies the process of calculating your potential tax obligation by letting you input your trading history, assess gains and losses, and project future liabilities based on current law.
Explore the calculator at: [https://www.weex.com/tokens/bitcoin/tax-calculator](https://www.weex.com/tokens/bitcoin/tax-calculator)

Disclaimer: The WEEX Tax Calculator offers general guidance and should not replace consultation with a qualified Italian tax advisor. Always verify transaction data and seek professional advice for complex tax situations or DeFi activities.*

 


 

Faq

What cryptocurrencies are subject to tax in Italy?

All digital assets—such as Bitcoin, Ethereum, stablecoins, altcoins, security tokens, and NFTs—are potentially subject to taxation in Italy, regardless of whether they’re held on domestic or foreign exchanges, or in self-custodial wallets. Tax applies whenever there’s a taxable event: disposal, sale, swap, earning rewards, or receiving crypto as payment.

How do I calculate my crypto tax liability?

Begin by tracking every acquisition and disposal of crypto assets. For capital gains, subtract your cost basis (what you paid, including fees) from your disposal value (what you received in euros), using the LIFO method. For mining, staking, and similar income, use the fair market value of coins/tokens on the day you received them, then report any subsequent gains or losses when those assets are sold. The WEEX Tax Calculator can assist with these calculations.

What records should I keep for crypto taxes?

Maintain curated records of all cryptocurrency activity: dates of every transaction, type and amount of crypto involved, description of each trade, counterparty or platform details, and the euro value at transaction time. Always save exchange statements, wallet logs, and invoices for at least five years, as required by Italian law, and especially to assist with any inquiries from Agenzia Entrate.

When are crypto taxes due in Italy?

For the 2025 tax year, the deadlines are:

  • Modello 730: September 30, 2026 (for employees, retirees, and those with simple situations)
  • Modello Redditi PF: October 15, 2026 (for taxpayers with capital gains, foreign assets, or complex arrangements)

Advance payments for self-assessed taxes are due June 30 and November 30 of the tax year; balances due June 30 the following year. Late filing may incur penalties and interest.

What happens if I don’t report crypto taxes?

Failure to report liable crypto income or gains can result in substantial penalties from the Agenzia Entrate. Penalties range from 120% to 240% of the unpaid tax amount, along with possible interest and further legal actions. Additionally, authorities may audit your filings, request more records, or scrutinize unexplained account movements.

 


 

This guide reflects the most up-to-date crypto tax regulations in Italy as of October 2025. For specific, nuanced scenarios or significant portfolio changes, consult a qualified Italian tax advisor. Explore secure and transparent trading with WEEX, and stay proactive in managing your crypto tax obligations.

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On WEEX P2P:

ETH is held in escrowSellers release assets only after payment is confirmedTrades are processed quickly and safely

This ensures zero counterparty risk and allows users to pay via local banking methods for a seamless experience.

 

Why WEEX P2P is the Best Choice for Mercadopago Users

WEEX P2P offers key advantages to users purchasing ETH with ARS via Mercadopago:

0% buyer fees:Save 2–8% compared to competing platforms and maximize the value of every tradeFast release times :Funds are typically released within 1–3 minutes, ensuring a smooth and efficient buying experienceOfficial escrow protection:Platform-managed escrow guarantees 100% transaction safetyFlexible trade sizes:Supports everything from small purchases to large-volume transactionsBest ARS exchange rates for Mercadopago users: Enjoy highly competitive pricing tailored for Mercadopago paymentsThousands of merchants online 24/7: Deep liquidity and constant availability at any time of dayMore Mercadopago ads than any competitor: Greater choice, faster matching, and higher deal completion rates

Whether you’re buying 1,000 ARS or 1,000,000 ARS, WEEX ensures fast, safe, and cost-efficient ETH purchases.

 

How to Buy ETH with Mercadopago on WEEX P2P

Buying ETH with Mercadopago on WEEX is simple and fast. Follow these steps:

Register on WEEX and complete basic KYC verification Create your WEEX account and finish the basic identity verification process, which typically takes less than one minute to complete.Navigate to Buy ETH → P2P Trading From the main menu, enter the P2P trading section and select ARS as your preferred fiat currency.Apply the “Mercadopago” filter Enable the Mercadopago payment filter to view only those merchant advertisements that support Mercadopago Mercadopagos.Select the most suitable merchant Review and compare available merchants based on key indicators, including:Exchange priceOrder completion rateTotal trading volumeReal-time online statusEnter the amount you wish to purchase Input your desired ETH amount, and the system will automatically calculate and display the exact payable amount in ARS.Complete the payment via Mercadopago Transfer the displayed amount using Mercadopago, following the bank details provided by the selected merchant.Confirm payment and notify the seller Click “Transferred, Notify Seller” after completing the transfer. The seller will then verify your payment and promptly release the ETHcurrency to your WEEX account.

Your ETH will arrive instantly in your WEEX wallet — safe, fast, and with zero fees.

 

Frequently Asked Questions (FAQ)

Q1: Are there any fees when paying with Mercadopago? A: 0% fee for buyers. Only sellers pay a small fee.

Q2: How fast will I receive ETH? A: Usually 1–5 minutes after marking payment as sent.

Q3: Is buying with Mercadopago safe on WEEX? A: Yes. All trades use official escrow.

Q4: Do I need full KYC? A: Basic KYC is required for P2P trading.

 

Ready to Buy ETH with Mercadopago?

Start buying ETH in under 3 minutes — fast, safe, and 0% fee for buyers!

Start Buying ETH on WEEX P2P with Mercadopago Now!

Buy Crypto with Pix on WEEX P2P – 0 Fee & 24/7 BRL Ads

Pix is a well-known and reliable platform in Brazil for fast crypto purchases using BRL. With WEEX P2P, users can buy crypto directly through Pix with zero fees, access 24/7 verified merchants, and enjoy ultra-fast release times.

Compared with Binance, Bybit, and local OTC platforms, WEEX consistently offers better BRL exchange rates, safer escrow protection, and more available ads for Pix users.

As more users in Brazil embrace crypto, secure and user-friendly access to digital assets is becoming a key need. With WEEX P2P, users can buy USDT, BTC, or ETH via Pix with instant processing, 0% buyer fees, and professional merchant support.

 

What is P2P Trading?

Peer-to-Peer (P2P) trading allows users to buy and sell crypto directly with other users, while the platform acts as a secure intermediary.

On WEEX P2P:

Crypto is held in escrowSellers release assets only after payment is confirmedTrades are processed quickly and safely

This ensures zero counterparty risk and allows users to pay via local banking methods for a seamless experience.

 

Why WEEX P2P is the Best Choice for Pix Users

WEEX P2P offers key advantages to users purchasing crypto with BRL via Pix:

0% buyer fees:Save 2–8% compared to competing platforms and maximize the value of every tradeFast release times :Funds are typically released within 1–3 minutes, ensuring a smooth and efficient buying experienceOfficial escrow protection:Platform-managed escrow guarantees 100% transaction safetyFlexible trade sizes:Supports everything from small purchases to large-volume transactionsBest BRL exchange rates for Pix users: Enjoy highly competitive pricing tailored for Pix paymentsThousands of merchants online 24/7: Deep liquidity and constant availability at any time of dayMore Pix ads than any competitor: Greater choice, faster matching, and higher deal completion rates

Whether you’re buying 1,000 BRL or 1,000,000 BRL, WEEX ensures fast, safe, and cost-efficient crypto purchases.

 

How to Buy Crypto with Pix on WEEX P2P

Buying crypto with Pix on WEEX is simple and fast. Follow these steps:

Register on WEEX and complete basic KYC verification Create your WEEX account and finish the basic identity verification process, which typically takes less than one minute to complete.Navigate to Buy Crypto → P2P Trading From the main menu, enter the P2P trading section and select BRL as your preferred fiat currency.Apply the “Pix” filter Enable the Pix payment filter to view only those merchant advertisements that support Pix bank transfers.Select the most suitable merchant Review and compare available merchants based on key indicators, including:Exchange priceOrder completion rateTotal trading volumeReal-time online statusEnter the amount you wish to purchase Input your desired crypto amount, and the system will automatically calculate and display the exact payable amount in BRL.Complete the payment via Pix Transfer the displayed amount using Pix, following the bank details provided by the selected merchant.Confirm payment and notify the seller Click “Transferred, Notify Seller” after completing the transfer. The seller will then verify your payment and promptly release the cryptocurrency to your WEEX account.

Your Crypto will arrive instantly in your WEEX wallet — safe, fast, and with zero fees.

 

Frequently Asked Questions (FAQ)

Q1: Are there any fees when paying with Pix? A: 0% fee for buyers. Only sellers pay a small fee.

Q2: How fast will I receive Crypto? A: Usually 1–5 minutes after marking payment as sent.

Q3: Is buying with Pix safe on WEEX? A: Yes. All trades use official escrow.

Q4: Do I need full KYC? A: Basic KYC is required for P2P trading.

 

Ready to Buy Crypto with Pix?

Start buying crypto in under 3 minutes — fast, safe, and 0% fee for buyers!

Start Buying Crypto on WEEX P2P with Pix Now!

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