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Italy taxes crypto capital gains above a €2,000 threshold at a 26% substitute tax rate, in force since the 2023 tax year. A 2024 proposal to raise this rate as high as 42% (later floated at 28%) as part of the 2025 budget process was reported to have been significantly scaled back during parliamentary negotiations; the final settled rate for tax years 2025-2026 was not confirmed by primary sources in this research pass and should be treated as unresolved pending verification of the enacted 2025 Budget Law text. Separately, the EU's DAC8 directive imposing crypto tax-transparency reporting obligations on CASPs took effect 1 January 2026, applicable in Italy as an EU Member State.
Outlook
Watch for the first reporting cycle under the 22 June 2026 implementing rules and for any enforcement or guidance addressing CASP compliance gaps in the initial reporting period.
Tax Treatment
Italy's crypto tax-reporting framework acquired concrete operational form this cycle following the earlier transposition of the EU's DAC8 directive. Legislative Decree 194/2025 had already transposed DAC8 into Italian law, but the practical mechanics of that transposition remained undefined until the Agenzia delle Entrate issued operational rules by provvedimento dated 22 June 2026. This is a probable finding, corroborated by a single lower-tier source this cycle, but it names a specific, dated implementing instrument rather than a general or speculative development.
Under the new operational rules, crypto-asset service providers operating in Italy are required to collect client tax-identification data and to report exchange and transfer transactions to the tax authorities. This obligation applies to the CASP population that has separately been reshaped this cycle by the closure of Italy's MiCA transitional licensing window, meaning the newly-authorised and continuing CASPs now face a compounding compliance burden: MiCA authorisation and prudential supervision on one side, and DAC8-driven tax-reporting infrastructure on the other. The reporting obligation is binding and in force as of the provvedimento's issuance, giving CASPs a concrete near-term compliance deadline to build the necessary client-data collection and transaction-reporting infrastructure.
No further Italy-specific tax-treatment development, such as capital-gains treatment of crypto-asset disposals or VAT treatment of crypto transactions, was evidenced within this cycle's research; this module's scope is accordingly limited to the DAC8 reporting-obligation finding.
Outlook
Expect the Agenzia delle Entrate's operational rules to move from issuance toward active compliance monitoring in the coming cycles, as CASPs build out the required client tax-identification and transaction-reporting infrastructure mandated by the 22 June 2026 provvedimento. Given that this obligation applies across the CASP population reshaped by the concurrent MiCA licensing transition, the practical compliance burden facing Italian crypto-asset service providers is compounding rather than isolated, and further Agenzia delle Entrate guidance clarifying reporting thresholds or formats would be a natural next development to watch for.
1 further periodic run re-emitted the standing brief unchanged and is not shown.
Sources and findings (4)
- T3 · The BlockThe Block — Crypto capital gains in Italy have been taxed above a €2,000 threshold at 26% since the 2023 tax year, marking a shift from the previous treatment of crypto as foreign currency, which had lower tax rates.retrieved M5bindingin force
- T3 · CoinDeskCoinDesk — Italy's Deputy Finance Minister announced in October 2024 a proposal to raise the crypto capital gains tax from 26% to 42% as part of 2025 budget plans, but lawmakers stated in December 2024 that the tax increase would be significantly reduced during parliamentary work, with a competing proposal setting a lower ceiling of 28%.retrieved M4non-binding
- T3 · CoinDeskCoinDesk — The EU's DAC8 directive, effective 1 January 2026, mandates crypto-asset service providers to report detailed user and transaction data to national tax authorities, with firms given until 1 July 2026 to comply before non-compliance penalties apply; this applies directly to CASPs operating in Italy.retrieved M4bindingin force
- No Italy-specific bespoke income-tax treatment for crypto mining or staking rewards (as distinct from general capital gains rules) was confirmed in current research.M2non-bindingour coverage gap, expected to resolve on a re-run