Jurisdiction · Schedule H–IT · tax year 2026

Italy

A rate that just climbed to 33 percent, monitoring that starts from the first euro — self-custody included — and a 0.2 percent wealth levy: the Italian tax system has no grey zones left on crypto. It has a schedule, a calendar, and a letter ready for whoever ignores them.

Filing deadlines730: 30 September · Redditi PF: 31 October · F24: 30 June

Current position

The schedule.

Status marks: — settled in practice, ! watch (moving or commonly misapplied), ? unresolved. All lines are a working draft pending licensed review.

Schedule H · Part IClassification, rates, swaps, monitoring, levies and deadlines

FORM H–IT / 2026
STATUS: WORKING REVIEW

Line	Position	Current treatment	What it means	Status
01	Classification	Miscellaneous income · art. 67 c-sexies	Gains and proceeds from redemption, disposal, exchange or holding of cryptoassets, under a substitute tax.	—
02	Rate	33% from 1 January 2026	Confirmed by the 2026 budget law. Gains realised through 2025 — declared in 2026 — stay at 26%.	!
03	Euro EMT exception	26% for euro e-money tokens	Only MiCAR-compliant e-money tokens denominated in euro. USDT and USDC stay at 33% — and converting into euro EMTs is itself taxed.	!
04	Exemption threshold	Abolished from 2025	The €2,000 line applies only to gains realised through 31 December 2024. From 2025, tax runs from the first cent.	—
05	Swaps	Neutral between like-for-like crypto	BTC for ETH does not count. Selling into euros, spending on goods and services — and moving into e-money tokens — does.	!
06	Losses	Carryforward to the fourth following year	The excess offsets future gains if declared in the return for the year it arose.	—
07	Staking · proceeds	Taxed on receipt	Holding and staking proceeds count when credited (circular 30/E of 2023), under the same substitute tax.	—
08	Administered regime	Optional at Italian intermediaries	With a withholding intermediary, the exchange applies and remits: no RT and no RW for those holdings. The self-declaring regime remains the rule elsewhere.	!
09	Quadro RW / W	From the first euro · self-custody included	Monitoring ignores where and how you hold: foreign exchange, hardware wallet in Italy, your own keys — it is declared regardless.	!
10	Value levy	0.2% a year · pro rata by day	Two per mille on cryptoasset value, proportional to days held, paid by F24. Crypto wealth also now enters the ISEE means test.	—
11	Monitoring penalties	3–15% of undeclared value	No blacklist doubling for crypto: its aterritorial nature rules it out (circular 30/E). Filed within 90 days, a small fixed penalty applies.	—
12	Letters · DAC8	Compliance letters · EU data from 2027	The Agency writes before it assesses. Under DAC8, European exchanges report identities and volumes — matching against RW and RT becomes mechanical.	!
13	Deadlines	30 September · 31 October · 30 June	The 730 with Quadro W, the Redditi return with RW and RT, F24 payments for the substitute tax and the two per mille. Three calendars, one year.	—
14	Records	Per transaction · year-end values	Dates, euro values, documented acquisition costs — without proof of cost, the cost is zero and the gain is the entire proceeds.	—

Working draft · all 14 lines pending licensed review · sign-off dates will appear per lineStart with lines 02 and 05 →

Compliance letterAn anomaly flagged, not chargedAn invitation to check, not an act. The ravvedimento stays open — at fractions still favourable.Window open Questionnaire · invitationThe office asks for documentsAnswer within the deadline, with assistance: what you write here frames what follows.Clock running Avviso di accertamentoThe office has concludedThe ravvedimento is closed. What remain are settlement, acquiescence or appeal — with representation, before any signature.Formal No letter yetThe best fractionsAn amended return and an F24: the earlier the cure, the smaller the fraction of the penalty. Time is literally the price.Voluntary

Published pages · Italy

Read in the order trouble arrives.

Rule

Capital gains at 33%

The raised rate, the euro-EMT exception, the vanished threshold — and the swaps that stay neutral.

→ Rule

Quadro RW and the two per mille

Monitoring from the first euro, self-custody included, and the value levy counted by the day.

→ Letter

The Agency's ladder

Compliance, questionnaire, assessment: each rung rewrites the price of the same cure.

→ Decision

The ravvedimento operoso

No immunity, no flat tariff: a fraction of the penalty that grows with the calendar.

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