Crypto tax in Italy
Rules verified in September 2026.
Short term
33%
Long term
33%
Threshold
None (€2,000 threshold abolished in 2025)
Annual allowance
Not applicable
Cost method
LIFO (mandatory)
Legislation
Legge 197/2022; Legge 207/2024 art. 1 c. 24–26; Legge 199/2025 c. 28; TUIR art. 67 c. 1-bis
In short
Since 1 January 2026 Italy applies 33% (Law 207/2024, confirmed by Law 199/2025) to all crypto gains; the €2,000 threshold had already been abolished in 2025. Only MiCA-compliant euro e-money tokens stay at 26%. No short/long-term distinction. Cost is computed by LIFO (art. 67(1-bis) TUIR), not FIFO.
Key points
- 33% flat rate since 2026 (was 26% in 2025)
- €2,000 threshold abolished since 2025: the whole gain is taxable
- Euro stablecoins (MiCA) stay at 26%
- LIFO method mandatory (art. 67(1-bis) TUIR): FIFO gives a different result
- No holding-period distinction (short/long term)
- File in Quadro RT (gains) + Quadro RW/W (monitoring) and the 0.2% crypto-asset value tax (IC)
Frequently asked questions
How much tax do you pay on crypto in Italy?
33%. Since 1 January 2026 Italy applies 33% (Law 207/2024, confirmed by Law 199/2025) to all crypto gains; the €2,000 threshold had already been abolished in 2025. Only MiCA-compliant euro e-money tokens stay at 26%. No short/long-term distinction. Cost is computed by LIFO (art. 67(1-bis) TUIR), not FIFO.
Is there an annual allowance on crypto gains in Italy?
There is no crypto-specific annual allowance on capital gains in Italy.
Which method is used to match buys and sells?
It depends on the country: FIFO (the first unit bought is the first sold) in Portugal, Spain, Germany or Belgium; weighted average cost in France, Luxembourg or Brazil; LIFO in Italy; the Section 104 pool in the UK. ChainFolioAI applies the chosen country's method to your history (in some countries with a simplification, stated on this page) and exports the result.
Calculate on your own history
The rate is only half the problem. To file, you need to match each disposal to the right acquisition under the country's method (FIFO, average cost, LIFO…), convert to your currency at the date of each transaction, and separate short-term from long-term. ChainFolioAI does this from your transactions — connect wallets read-only or import a CSV from your exchange — and exports to PDF or Excel.
Other countries
⚠️ General information, not tax advice. Rules change and your situation may have specifics (residency, professional activity, staking, mining). Confirm with an accountant or your tax authority before filing. ChainFolioAI is not an exchange or a crypto-asset service provider and does not report your data to any tax authority: reporting duties (DAC8, CARF) fall on exchanges. The reports you export are yours alone.