Crypto Values 2026 - RT and RW Frames
Calculate cryptocurrency gains 2026 (33% standard, 26% EMT) and IVAFE for the RW Framework. Valid for Bitcoin, Ethereum, and crypto assets. No franchise from 2026 - L.199/2025 Budget Law 2026.
Frame RT - Calculation of Plusvalues (Setting 33%)
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Fill out the form and click on Calculate
Tax Monitoring and IVAFE (0.2%)
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Fill out the form and click on Calculate
Practical example
Acquired 0.5 BTC at €20,000 (base cost) sold for €30,000. Wallet balance as of Dec 31: €35,000.
- Capital gain: 30,000 − 20,000 = €10,000
- RT Section tax (33%): 10,000 × 33% = €3,300
- IVAFE Section RW (0.2%): 35,000 × 0.2% = €70
- RW obligation: Yes (€35,000 > €15,000 threshold)
How cryptocurrency taxation works in Italy in 2026
The Budget Law 2026 (L.199/2025) has introduced significant changes to cryptocurrency taxation in Italy: the rate on capital gains has increased from 26% to 33% for most cryptocurrencies (Bitcoin, Ethereum, DeFi tokens, NFTs). Electronic Money Tokens (EMTs), regulated by MiCAR, retain a 26% rate.
One of the main novelties is the abolition of the €2,000 exemption: from January 1st, 2026, every capital gain, even €1, is subject to tax. Additionally, the exchange between crypto-assets (e.g., Bitcoin to Ethereum) is now treated as a taxable realizable event at 33%, aligning with fiat currency sales.
For tax monitoring, the RW Model Income Tax Return is mandatory when cryptocurrency portfolio value exceeds €15,000 at any time during the year. This return also declares IVAFE (Foreign Financial Activity Tax), equal to 0.2% annual rate of the December 31st valuation.
Dictionary
- RT Frame
- Section of the Income Model for reporting capital gains and losses from the sale of financial instruments and cryptocurrencies (substitutive regime 33%).
- Background RW
- Income Model Section for monitoring financial activities and foreign investments (including cryptocurrencies), and calculating IVAFE.
- I Want to Be Free
- Set Value of Foreign Financial Activities. For cryptocurrencies, it is 0.2% per annum of the counter-value as of December 31 (DL 201/2011, Article 19).
- Digital Payment Token
- Category of stablecoins pegged to official currency, regulated by the EU MiCA Regulation. Share of gains: 26% (Law 199/2025).
- Base cost
- Value of purchase for crypto assets (price + documented commissions). Used to calculate capital gain or loss at the time of sale or swap.
Frequently Asked Questions
What is the tax rate on cryptocurrency gains 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%). Applies to Bitcoin, Ethereum and most cryptocurrencies. Electronic Money Tokens (EMT) regulated by MiCAR retain a 26% tax rate.
What is the RT Frame and when is it filled out?
Tax Return Model - Asset Valuation Form is the form dedicated to capital gains from cryptocurrency and other financial instruments. It must be completed if you have realized capital gains or losses in the year from sale, swap, or any other realizable event on crypto. Capital losses in the Tax Return Model are offsettable with future capital gains within 4 years.
What is the RW frame and when is it mandatory?
Foreign Tax Monitor (RW) of the Income Model is mandatory if the value of any cryptocurrency held exceeds €15,000 at any point in the year. It must be declared even for monitoring purposes alone, regardless of whether gains are realized. In the RW section, IVAFE (2% annual rate on December 31st valuation) is also calculated.
Is cryptocurrency exchange taxable in 2026?
Yes, starting from 2026 crypto-to-crypto swaps are treated as taxable real estate transactions (L.199/2025). If you exchange Bitcoin for Ethereum and realize a profit over the historical cost, the tax applies at 33% (standard regime). This is one of the main new features in 2026 that aligns permutes with fiat sales.
How is the base cost of cryptocurrency calculated?
Base cost (historical cost) is the value paid to buy crypto, including documented purchase commissions. For multiple exchanges, LIFO (Last In First Out) method is typically used in Italy, but correct determination requires a certified accountant to verify complete transactions.
Can I offset cryptocurrency losses with other gains?
Yes, crypto-asset deficiencies declared in the RT Framework can be compensated with similar nature gains up to 4 years later. They are not compensable with dividends, share options or qualified equity gains. For proper compensation management, consult a tax advisor.
Do you have more complex cryptocurrency tax needs?
For income model compilation, handling previous losses and precise calculation of base cost on multiple operations, requires specialized tax consulting.
Request cryptocurrency tax advice