Reporting framework, corporate tax and individual tax treatment for digital assets in Italy, from CryptaCount's jurisdiction database covering 72 countries.
Italy: tax & reporting data
General Information
Default Framework
IFRS
Permitted Frameworks
IFRS, OIC
IFRS Mandatory For
Listed entities, banks use IFRS. Others use OIC (Organismo Italiano di Contabilità).
Tax Year
Calendar Year (end M12)
Functional Currency
EUR
FX Source (Reporting)
ECB
FX Source (Tax)
ECB
Transaction Rate
Daily Spot
Hyperinflationary
✗ No
Reporting — OIC
Framework Available
✓ Yes
Crypto Classification
Intangible Asset, Current Asset
Classification Notes
IAS 38 intangible (most common); IAS 2 inventory if held for sale in ordinary course. No dedicated IFRS crypto standard.
Measurement Basis
Historical Cost
Permitted Cost Methods
FIFO, WAVG, LIFO
Prohibited Cost Methods
—
Impairment Required
✓ Yes
Impairment Type
Prudence Principle
Reversal Allowed
✓ Yes
NRV Write-down
✓ Required — Only if classified as inventory (IAS 2)
Fair Value Hierarchy
—
Recent Standards
No dedicated IFRS crypto standard. IFRIC agenda decision (2019) confirmed IAS 38/IAS 2. IASB crypto project in pipeline, no ED yet.
Corporate Tax — Rate & Classification
Corporate Tax Rate
27.9%
Crypto Classification
Ordinary Income
Notes
Corporate crypto = ordinary business income
Corporate Tax — Cost Basis
Measurement Basis
Historical Cost
Default Cost Method
FIFO
Permitted Methods
FIFO, WAVG, LIFO
Taxpayer Can Elect
✓ Yes
Country Override
Standard
Override Notes
—
LIFO Conformity Req.
✓ Yes
Differs from Reporting
✗ No
Corporate Tax — Anti-Avoidance
Wash Sale
✗ Off
Window (before/after)
—
Same-Day Rule
✗ No
Loss Restriction
Unrestricted
Loss Carryforward
Unlimited
Corporate Tax — Holding Period
Holding Period Benefit
✗ No
Period
—
Benefit Type
—
Corporate Tax — Crypto Event Treatment
Staking Rewards
FMV at Receipt
Gas Fee Treatment
Add to Cost
Gas = Disposal of Native
✓ Yes
Crypto↔Crypto Taxable
✓ Yes
DeFi Wrapping
Unclear
Fork Cost Basis
Zero
Individual Tax — Regime
Tax Regime
Flat Tax
Regime Notes
26% substitute tax (imposta sostitutiva) on crypto gains. Introduced by 2023 Budget Law.
Tax Rate
26%
Rate Notes
26% flat. Was planned to increase to 42% from 2025 but REVERTED to 26% after backlash.