Crypto Tax Calculator Italy 2026 - 33% Rate
Calculate cryptocurrency capital gains tax 2026: standard rate 33%, EMT rate 26%, stamp duty 0.2%. No exemptions - abolished from 1/1/2026.
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Frequently Asked Questions
What is the tax rate on cryptocurrency gains in Italy in 2026?
From January 1st, 2026, the 2026 Budget Law (L.199/2025) has introduced a 33% tax rate on cryptocurrency gains (up from 26%), which applies to Bitcoin, Ethereum and most other cryptocurrencies. Electronic Money Tokens (EMT) regulated by MiCAR maintain a 26% tax rate.
Is cryptocurrency exchange taxable in 2026?
Yes, from 2026 crypto-to-crypto swaps will be treated as taxable real estate transactions. If you exchange Bitcoin for Ethereum (or any other crypto) and make a profit over the original purchase cost, the tax applies at 33% (standard regime). This is one of the main novelties of the 2026 Budget Law, which aligns the treatment of swaps with sales against fiat currency.
Is the €2,000 cryptocurrency allowance still valid for 2026?
No tax exemption threshold of €2,000 (which exempted annual capital gains below this threshold) has been abolished by the 2026 Budget Law (L.199/2025), effective January 1, 2026. Every cryptocurrency gain, even €1, is now subject to a 33% rate. There is no longer any exemption threshold.
What is the tax on cryptocurrencies and how is it calculated?
Annual tax on cryptocurrency (extended to crypto-asset by DL 201/2011 art.19 c.18-23) is 0.2% per annum on the portfolio value as of December 31st. Tax is paid regardless of whether you have capital gains or not. For example, if you have €50,000 in cryptocurrency at year-end, you pay €100 in tax. Report it in the W (ex RW) section of the Income Model.
Where are cryptocurrencies declared in 2023 or on the 2026 Tax Return?
Cryptocurrency assets are reported in the W (ex RW) section of the Income Model - not in Form 730, which does not allow this form to be filled out. The W section is mandatory if the value has exceeded €15,000 at any point during the year or if you have realized capital gains. Net capital gains are reported in Section RT. Consult a tax advisor for correct completion of the declaration.
What are Electronic Money Tokens (EMT) and why do they have a 26% tax rate?
Electronic Money Tokens (EMTs) are a category of stablecoin tied to official currency (e.g. euro), regulated by the EU MiCAR (Markets in Crypto-Assets) regulation. The 2026 Budget Act has foreseen a reduced rate of 26% (equivalent to ordinary financial returns) for these tokens, due to their nature similar to electronic money. EMT conversions are treated as neutral operations (0% tax). Bitcoin, Ether and all non-EMT crypto remain at 33%.
How is it used?
- Insert the realized surplus value
Indicate the net value of cryptocurrency appreciation in the year (sales, swaps, taxable conversions). If you have losses, you can offset them on your return with a tax consultant.
- Select the regime and operation type
Choose "Standard" (33%) for Bitcoin, Ethereum and regular cryptos. Choose "EMT" (26%) only for regulated Electronic Money Tokens by MiCAR. Indicate if the transaction is a sale against fiat currency/euro or a crypto swap (both taxable from 2026).
- Add value for cash box stamp
Tax on stamp duty applies to the value of your cryptocurrency portfolio as of December 31st. Enter the total counter-value in euros by year-end (even if you have capital gains).
- Interpret results
The tool calculates the capital gains tax and stamp duty. The total is indicative: for actual declaration (W9, former RW) and any compensation of losses, consult an authorized accountant.
Taxation of Cryptocurrency in Italy 2026: Guide to Calculating Taxes
Tax Law 2026 (L.199/2025) has introduced significant changes to cryptocurrency taxation in Italy. The capital gains tax rate has been increased to 33% (up from 26%), eliminating the 2,000 euro exemption that previously exempted small capital gains from tax. Starting January 1, 2026, every crypto gain is subject to taxation, regardless of amount.
One of the most relevant new developments is the crypto-to-crypto swap tax: exchanging Bitcoin for Ethereum (or any other cryptocurrency) is now a taxable real estate transaction at 33%. Previously, swaps between cryptocurrencies were considered "neutral" to taxation - this change aligns Italian law with OECD recommendations and EU country practices.
EU Regulation MiCAR (Markets in Crypto-Assets) has introduced a special category of crypto-asset called Electronic Money Token (EMT): stablecoin pegged to official currency, such as the euro, issued by authorized entities. For these tokens, the 2026 Budget Law has provided an accelerated rate of 26% (equivalent to ordinary financial returns). Direct conversion EMT → euro is treated as a neutral operation (0%).
Tax on cryptocurrency assets (DL 201/2011 art.19, extended to cryptocurrency assets) is 0.2% annual on portfolio value as of December 31st. Applies regardless of capital gains and must be declared in the W Form (ex RW) of the Income Model - same section where foreign crypto holdings are reported.
Values calculated by this tool are indicative and based on secondary normative sources (L.199/2025 currently under verification in the Official Gazette). Fiscal rules for cryptocurrencies are constantly evolving: to complete the tax return, manage previous losses, and verify fiscal compliance, it is indispensable to consult a licensed accountant with expertise in crypto-assets.
Practical example: investor with €5,000 of capital gain
- Purchase of 0.5 BTC in January 2026 at €80,000 (total cost: €40,000)
- Sale for sale in July 2026 at €90,000 - Net profit = €90,000 - €40,000 - €45,000 (quota cost) = €5,000
- Standard tax regime 33%: capital gains tax = 5,000 x 0.33 = €1,650
- Budget for December 31st: €50,000 → VAT = €50,000 x 0.2% = €100
- Total taxes = €1.650 + 100 = €1.750 (pay with tax return or advance payment)
Tax Cryptocurrency Dictionary
- Cryptocurrency benefits
- Positive difference between the sale/swap equivalent and original purchase cost (in euros) of a cryptocurrency asset. From 2026, taxed at 33% (standard regime) with no exemption.
- Franchise (ABROGATED 2026)
- Crypto annual capital gains exemption threshold of €2,000, in effect until December 31, 2025. Abrogated by the 2026 Budget Law (L.199/2025): from January 1, 2026, every gain is taxable, including €1.
- Swap cryptocurrency
- Exchange of one cryptocurrency for another (e.g. BTC → ETH). From 2026 onwards, this is a taxable realisation event at 33%: if the crypto sold has a value greater than its cost of acquisition, capital gains tax is payable.
- Digital Payment Token
- Category of crypto-asset defined by EU MiCAR Regulation: token whose value is pegged to an official currency (e.g. euro) and are issued by authorized entities. Taxed at 26% on capital gains; the EMT conversion to euro is a neutral operation (0%).
- Crypto Stamp Duty
- Annual tax of 0.2% on the crypto portfolio's counter-value as of Dec 31 (DL 201/2011 art.19). Applies to all crypto-asset holders, regardless of capital gains. Declared in the W-frame of the Income Model.
- Wallpaper (formerly RW)
- Income Model Section (not fillable in 730) where crypto assets are declared, their value, and gains/losses realized. Mandatory if the value exceeds €15,000 at any point during the year or if gains need to be reported.
- My Car
- Markets in Crypto-Assets - EU Regulation governing the issuance and trading of crypto-assets in the EU from 2024. Classifies tokens into three categories: Asset-Referenced Token (ART), Electronic Money Token (EMT) and other crypto-assets (including Bitcoin and Ethereum).
Do you need a custom analysis?
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