Q: 1.3 Which transactions are taxable and which are not?

As a general rule, transactions that “realise” value are taxable : selling crypto-assets for euro or another official currency, using crypto-assets to buy goods or services, and swapping between crypto-assets with different characteristics and functions. Income received in crypto-assets — such as staking or mining rewards — is also taxable. Not taxable , on the other hand: buying with euro, simply holding (which remains subject to monitoring on form RW/W and to stamp duty), transfers between your own wallets, and swaps between crypto-assets with the same characteristics and functions. For the technical terms — capital gain, swap, fair value, cost basis — see the essential glossary for the tax return .

Q: 2.3 How does the LIFO method work?

The LIFO method (last in, first out) applies when you sell only part of a crypto-asset bought at different times and prices: for tax purposes, the units bought last are treated as sold first . Example: you buy 1 BTC in January at €30,000 and 1 BTC in June at €40,000; in September you sell 1 BTC. Under LIFO, you are selling the June BTC, so the gain (or loss) is calculated against the €40,000 cost basis.

Q: 2.5 How are mining, staking and other rewards taxed?

Income received in crypto-assets — from staking and mining rewards to airdrops , crypto cashback and tokens received in a hard fork — is taxable in Italy. Broadly speaking it works like this: at the moment you receive the reward, its euro value is income to be declared. That same value then becomes your cost basis: if you later sell those crypto-assets, the capital gain is calculated from there. Each case has its own specifics, covered one by one in the dedicated deep dives: staking , mining , airdrops , crypto cashback and hard forks .

Q: 3.1 When do I need to complete form RW (or form W)?

Always, if you hold crypto-assets and are tax resident in Italy: the monitoring obligation is triggered by mere holding, regardless of the amount and of whether you sold or realised gains. It applies even if you only bought and held, and even for modest amounts. Which form depends on your return: RW with the Redditi form, W with Form 730. The full completion guide is in the article on forms RW and W .

Question 1

1.1 Why is it mandatory to declare cryptocurrencies?

Accepted Answer

Because Italian law imposes two distinct obligations on anyone who is tax resident in Italy and holds crypto-assets. The first is the monitoring obligation: crypto-assets must be reported in the tax return (form RW or W) even if you haven’t sold anything, whatever the amount. The second is the tax obligation: if you realised capital gains or other crypto income during the year, you must declare them and pay the tax due. Failing to declare exposes you to significant penalties, and with the automatic exchange of information between platforms and tax authorities now in force, anonymity is a thing of the past: to understand what’s at stake, read the deep dives on penalties for non-declaration and on DAC8 and tax transparency.

Question 2

1.2 Where do I declare my cryptocurrencies and the related income?

Accepted Answer

There are two routes, depending on which Italian tax return you file. With the Redditi PF form you complete form RW for monitoring and form RT for capital gains. With Form 730 you can use the equivalent sections: form W for monitoring and form T for capital gains, without filing an additional return. The two returns have different deadlines: see the dedicated answer and the article on filing deadlines.

Question 3

1.3 Which transactions are taxable and which are not?

Accepted Answer

As a general rule, transactions that “realise” value are taxable: selling crypto-assets for euro or another official currency, using crypto-assets to buy goods or services, and swapping between crypto-assets with different characteristics and functions. Income received in crypto-assets — such as staking or mining rewards — is also taxable. Not taxable, on the other hand: buying with euro, simply holding (which remains subject to monitoring on form RW/W and to stamp duty), transfers between your own wallets, and swaps between crypto-assets with the same characteristics and functions. For the technical terms — capital gain, swap, fair value, cost basis — see the essential glossary for the tax return.

Question 4

2.1 How are crypto capital gains taxed?

Accepted Answer

Capital gains realised in 2025 by Italian tax residents are subject to a 26% substitute tax. The most important change introduced by Italy’s Budget Law 2025 is the abolition of the €2,000 exemption threshold: up to the 2024 tax year, gains were taxable only above that amount, whereas from 1 January 2025 they are taxable from the first euro. The capital gain is the difference between the sale proceeds and the cost basis, i.e. your documented purchase cost. Losses can be offset (see the dedicated answer). For the details of what changed, read the deep dive on the abolition of the €2,000 threshold.

Question 5

2.2 What is an example of a capital gain calculation?

Accepted Answer

Suppose you buy 0.5 BTC for €20,000 (documented cost basis) and later sell it all for €28,000. The capital gain is the difference: €28,000 − €20,000 = €8,000. The tax due is 26% of €8,000, i.e. €2,080. If you cannot document the purchase cost, the cost basis is treated as zero and the entire proceeds become a taxable gain — which is why keeping your transaction history matters (see the section on Young Platform’s reports).

Question 6

2.3 How does the LIFO method work?

Accepted Answer

The LIFO method (last in, first out) applies when you sell only part of a crypto-asset bought at different times and prices: for tax purposes, the units bought last are treated as sold first. Example: you buy 1 BTC in January at €30,000 and 1 BTC in June at €40,000; in September you sell 1 BTC. Under LIFO, you are selling the June BTC, so the gain (or loss) is calculated against the €40,000 cost basis.

Question 7

2.4 How are capital losses offset?

Accepted Answer

If you realise capital losses during the year, you can offset them against capital gains of the same kind realised in the same year. Any excess can be carried forward and deducted from gains in the following four tax years, provided the losses are properly reported in the tax return for the year in which they arose — one more reason to file correctly even in a “negative” year.

Question 8

2.5 How are mining, staking and other rewards taxed?

Accepted Answer

Income received in crypto-assets — from staking and mining rewards to airdrops, crypto cashback and tokens received in a hard fork — is taxable in Italy. Broadly speaking it works like this: at the moment you receive the reward, its euro value is income to be declared. That same value then becomes your cost basis: if you later sell those crypto-assets, the capital gain is calculated from there. Each case has its own specifics, covered one by one in the dedicated deep dives: staking, mining, airdrops, crypto cashback and hard forks.

Question 9

2.6 What is the stamp duty on crypto-assets and how is it calculated?

Accepted Answer

Beyond the tax on capital gains, holding crypto-assets attracts an Italian wealth levy of 0.2% per year on their value: it’s called stamp duty (imposta di bollo) when applied by an intermediary, and IVACA (tax on the value of crypto-assets) when the assets are held without an intermediary applying it, in which case it’s paid through the tax return. On Young Platform you don’t need to do anything: the stamp duty is calculated and charged automatically on the euro balance of your account. For crypto-assets held elsewhere (self-custody wallets, foreign platforms) the calculation is up to you, in your return. Rules, taxable base and special cases in the article on stamp duty and IVACA.

Question 10

3.1 When do I need to complete form RW (or form W)?

Accepted Answer

Always, if you hold crypto-assets and are tax resident in Italy: the monitoring obligation is triggered by mere holding, regardless of the amount and of whether you sold or realised gains. It applies even if you only bought and held, and even for modest amounts. Which form depends on your return: RW with the Redditi form, W with Form 730. The full completion guide is in the article on forms RW and W.

Question 11

3.2 How do I report cryptocurrencies on form RW (or W)?

Accepted Answer

The form reports your holding of crypto-assets with its euro value: for each relationship you enter, among other things, the code identifying crypto-assets, the opening and closing values for the period, and any stamp duty already paid through the intermediary (or the IVACA due). It takes care but it’s repetitive: once the logic is clear, it’s a matter of entering the right figures — which you’ll find ready in Young Platform’s Tax Report. The step-by-step instructions are in the guide to forms RW and W.

Question 12

3.3 Which values do I report on form RW (or W)?

Accepted Answer

The two key figures are the opening value — the euro value of your crypto-assets on 1 January 2025, or on the purchase date if later — and the closing value, on 31 December 2025 or on the date of disposal. The 0.2% wealth levy is also calculated on these values. Young Platform’s Tax Report provides the euro values ready for the form; for valuation criteria in special cases (crypto-assets without an official quote, multiple wallets), see the guide to forms RW and W.

Question 13

4.1 Which form do I need to complete?

Accepted Answer

It depends on what you did in 2025 and which return you file. For monitoring (mandatory for anyone holding crypto-assets): form RW with the Redditi form, form W with Form 730. For capital gains and other income realised: form RT with the Redditi form, form T with Form 730. In most cases, then, someone who sold completes two forms; someone who only held completes one. Operational instructions for the tax side are in the guide to forms RT and T.

Question 14

4.2 What are the deadlines for the 2026 filing season?

Accepted Answer

The key dates of the 2026 filing season (2025 tax-year income), barring extensions: 30 June 2026 for paying the 2025 balance and the first instalment on account (with the option of 30 July with a 0.40% surcharge); 30 September 2026 for filing Form 730; 31 October 2026 for filing the Redditi PF form. The full calendar, with instalment options and special cases, is in the article on filing and payment deadlines.

Question 15

4.3 Does Young Platform act as a withholding agent?

Accepted Answer

No. Young Platform does not act as a withholding agent (sostituto d’imposta) and does not operate Italy’s “administered savings” regime: the platform neither calculates nor pays taxes on behalf of its users. Anyone holding crypto-assets on Young Platform therefore operates under the self-declaration regime: capital gains and income realised in the 2025 tax year must be reported in your Italian tax return, and the tax due paid directly. To simplify the preparation of your return you can use the Tax Report, and if you’d rather be assisted by a professional you can find a crypto-savvy accountant.

Question 16

5.1 What is the Tax Report and what does it include?

Accepted Answer

The Tax Report is Young Platform’s service that compiles the data you need for your crypto tax return. It is designed around Italian reporting requirements — the forms and values it produces follow Italian law. It comes in two versions. The Young Report gathers all the transactions carried out on Young Platform: the simplest option if you operate only here. The Okipo Report is for those who operate elsewhere too: it lets you connect wallets and accounts from other platforms and include income from DeFi protocols and NFTs, giving you a single document with your complete tax position. Both provide the data needed to complete the Italian return, for you or your accountant. For more, read about Young Platform’s tax services.

Question 17

5.2 How do I download and use the Tax Report?

Accepted Answer

Go to Profile > Tax Report and choose the version you need: the Young Report for Young Platform transactions only, the Okipo Report to connect external wallets and platforms too. Note that the Okipo Report can only be purchased from desktop, not from the app. Once generated, the document compiles the data needed for the Italian return: use it directly or hand it to your accountant. Full guide: Young Platform’s tax services.

Question 18

5.3 How much does the Tax Report cost?

Accepted Answer

All prices are available in the deep dive: Young Platform’s tax services.

Question 19

5.4 What should I give my accountant?

Accepted Answer

Your accountant needs your transaction history and the Tax Report. If you operate only on Young Platform, the Young Report plus your transaction history — downloadable from the app — is enough. If you also use other platforms, self-custody wallets, DeFi protocols or NFTs, the Okipo Report gathers everything in one document, saving the professional from reconstructing your activity from multiple sources. If you don’t yet have someone to turn to, you can find a crypto-savvy accountant.

Question 20

6.1 I’ve never declared my cryptocurrencies: how does the “ravvedimento operoso” work?

Accepted Answer

The ravvedimento operoso is Italy’s procedure for voluntary regularisation: it lets you correct omitted or incomplete returns from past years, paying the tax due with reduced penalties — the sooner you act, the greater the reduction. It pays to move before the Italian Revenue Agency raises a challenge: with the automatic exchange of information, undeclared positions surface ever more easily. Bear in mind that the rules of each year apply (for 2023 and 2024, the €2,000 threshold; up to 2022, the old “virtual currency” regime with the €51,645.69 threshold), so the reconstruction must be done year by year, preferably with a professional. The procedure is in the article on the ravvedimento operoso and the risk picture in the one on penalties.

Question 21

6.2 How does the revaluation of crypto-assets work?

Accepted Answer

Italy’s Budget Law 2025 (Law 207/2024) introduced the option of restating the value of your crypto-assets as at 1 January 2025, paying an 18% substitute tax on that value. The restated value becomes your new cost basis: on a sale, the capital gain is calculated from the revaluation onwards, not from the historical cost. It’s particularly useful for those who bought at very low prices or have lost their purchase documentation (in which case the cost would otherwise be deemed zero). How to exercise the option, instalments and effects in later years are explained in the article on the revaluation of cryptocurrencies.

FAQ: Crypto Taxes in Italy

The basics: what to declare and why