Italy’s crypto tax is tightening. After the €2,000 threshold was abolished from 2025, a rise toward 33% is under discussion for 2026. On a €10,000 gain you pay around €2,600 today (26%): more than Spain, less than France and Denmark — and unlike Germany or Portugal, where after the holding period you pay €0.
This comparison shows where Italy stands, how the rules work, and what changes in 2026, now that with DAC8 exchange data reaches the Agenzia delle Entrate automatically.
A €10,000 gain: Italy compared
| Country | Tax on €10,000* |
|---|---|
| Germany (> 12 months) | €0 |
| Portugal (> 365 days) | €0 |
| Luxembourg (> 6 months) | €0 |
| Spain | ~€2,000 |
| United Kingdom | ~€1,800–2,400 |
| Italy | ~€2,600 (26%) |
| France | ~€3,000 |
| Denmark | up to ~€5,200 |
* Illustrative, gain of €10,000, before personal deductions. Italy at 26% (2025); ~€3,300 if 33% is confirmed for 2026. The 19 countries in detail.
How crypto tax works in Italy
Rate: 26% (2025) → 33% planned for 2026
Crypto gains are subject to a 26% substitute tax for 2025. A rise toward 33% has been debated and legislated for 2026; the exact size and effective application depend on the latest budget law, so always confirm the rate in force with the Agenzia delle Entrate before relying on a figure.
€2,000 threshold abolished, weighted-average cost
The €2,000 exemption threshold was abolished from 2025: the gain is taxable from the first euro. The weighted-average cost is generally used to determine the gain. Converting to euros, goods or services is taxable; a swap between crypto of the same characteristics is generally not tax-relevant.
Quadro RW and IVAFE
Gains go on the Modello Redditi PF. Crypto held on foreign platforms must be reported in the Quadro RW (fiscal monitoring), with IVAFE where applicable on the value of the assets.
Deadline
Online filing of the Modello Redditi PF generally runs from mid-April to early November. Confirm the exact current-year dates at the Agenzia delle Entrate.
What to do in 2026
With DAC8, from 2026 exchanges report your activity directly to the Agenzia delle Entrate, which shares it across countries. A complete, accurate reconstruction of your history — with cost basis intact — is your best defence. SafeTax imports your history from 500+ exchanges and wallets and produces a declaration-ready report, in minutes and with zero data retention. safetax.io.
→ Crypto tax in 19 countries · DAC8, CARF and 1099-DA explained · Estimate your tax for free
Frequently asked questions
How much do you pay in Italy on a €10,000 crypto gain?
With the 26% substitute tax (2025), on a €10,000 gain you would pay around €2,600. If the rise to 33% planned for 2026 is confirmed, it would rise to around €3,300. It’s an illustrative figure: check the rate in force and your situation.
Is the €2,000 threshold still there?
No. The €2,000 exemption threshold was abolished from 2025: the gain is taxable from the first euro. Always check the latest budget law, because crypto rules are changing fast.
Is the Italian crypto rate 26% or 33%?
For 2025 the rate is 26%. For 2026, a rise toward 33% has been debated and legislated; the exact application and size depend on the latest budget law, so verify the figure in force with the Agenzia delle Entrate before relying on it.
Which forms and deadlines apply?
Gains go on the Modello Redditi PF; foreign holdings are reported in the Quadro RW (fiscal monitoring, with IVAFE where applicable). Online filing generally runs from mid-April to early November. Confirm the exact current-year dates with the Agenzia delle Entrate.
This article is general in nature and isn’t a substitute for personalised tax advice. Tax treatment depends on your situation and rules can change (especially the 2026 rate); amounts are illustrative. Check details with the Agenzia delle Entrate or an accountant.