Agenzia delle Entrate Crypto-Asset Reporting: Who Qualifies and What You Get
Learn the reporting requirements for holding crypto-assets in Italy and how to stay compliant with tax obligations.
This reporting requirement ensures that individuals holding digital assets in Italy correctly declare their holdings and any profits made from them to the tax authorities.
Who it's for
This applies to any person who is a tax resident of Italy and holds crypto-assets with a total value exceeding €2,000.
What you get
By following these reporting rules, you ensure you are in compliance with the 26% substitute tax applied to capital gains (the profit made when selling an asset for more than you paid for it).
What it costs you
To comply, you must maintain detailed logs of all your crypto transactions. You are also required to report these assets and any gains in your annual tax return, specifically using the section known as Quadro RW.
The catch to know
The €2,000 threshold is calculated based on your total holdings for the entire tax period, rather than being a limit applied to each individual wallet or digital account.
How to apply
- Keep a complete and organized record of all your crypto-asset transactions.
- Calculate your total holdings to see if you exceed the required threshold.
- Include the necessary details in your annual tax return (Modello Redditi) via the Quadro RW section.
- Visit the official portal for more details: https://www.agenziaentrate.gov.it