Generate Your Italy Crypto Tax Return in 10 Minutes

The Italy crypto tax rate 2026 is 33% — a substitute tax on net crypto gains with no exemption threshold. The €2,000 annual exemption was already abolished from January 1, 2025, so 2025 transactions were taxed at 26% with no exemption, and from 2026 the rate rises to 33%. The government originally proposed 42%; following significant industry pushback, 33% was confirmed. An alternative option allows paying a flat 18% tax on total portfolio value as of January 1 of the tax year — consult a tax professional to assess which approach suits your situation.

FIFO (First-In, First-Out) is the default cost basis method under Agenzia Entrate crypto guidelines. LIFO (Last-In, First-Out) is also permitted if applied consistently throughout all your transactions. The best crypto taxes in Italy software — including Kryptos — applies FIFO by default with LIFO available as a selectable option.

Key forms for crypto taxes in Italy: Modello Redditi PF — the main return for self-employed individuals and those reporting capital gains (includes Form RT for CGT and Quadro RW for foreign assets); Modello 730 crypto Italy — the simplified return for employees and pensioners; Quadro RW — mandatory for all crypto held on foreign exchanges or self-custody wallets, even if no disposal occurred; and the IVAFE section for calculating the 0.2% annual wealth tax on foreign-held crypto.

Quadro RW is Italy's foreign asset monitoring form, required by Agenzia Entrate crypto regulations. All Italian residents holding crypto on foreign exchanges or in self-custody wallets must file it annually — regardless of whether any sale took place. It is used to calculate IVAFE (0.2% wealth tax on foreign-held crypto) and for general transparency reporting.

Modello 730 crypto Italy (for employees and pensioners): September 30. Modello Redditi PF (for self-employed and those reporting capital gains): October 15 of the year following the tax year — for example, October 15, 2026 covers 2025 transactions. Always verify the official Agenzia Entrate crypto deadline each year, as it can be updated.

Kryptos is the leading crypto tax software Italy and crypto portfolio tracker Italy. It applies FIFO by default (with LIFO available), generates Italy crypto tax rate 2026-compliant Modello Redditi PF reports, handles Quadro RW requirements, and calculates all gains in EUR. Capital losses can be carried forward for up to five years.