Crypto Taxation: Stamp Duty as of December 31st
summary of the Article: italian Crypto Stamp Duty & Tax implications (2026)
This article details the upcoming changes to cryptocurrency taxation in Italy, specifically focusing on the new stamp duty and capital gains tax. Here’s a breakdown of the key points:
1.New Tax Landscape (2026):
* Capital Gains Tax: Will increase to 33% for most crypto trading.
* ETFs & Futures: Will remain at the lower rate of 26%.
* Spot trading: Will increase to 30% (a 7 percentage point rise).
* Stamp Duty: A new 0.2% stamp duty will be applied to crypto holdings.
2. Etoro Promotion:
* The article promotes a $500 asset bonus from Etoro, suggesting it as a way to potentially mitigate the tax increases (specifically by utilizing futures trading).
3.Stamp Duty – Who Pays & How:
* Centralized Exchanges (CEX) – (Bitget, Bybit, Kraken etc.): The exchange acts as a tax withholding agent. They will automatically deduct 0.2% of your crypto assets on December 31st and remit it to the tax authorities. You don’t need to do anything.
* Private Wallets (Ledger, MetaMask, etc.): You are responsible for calculating and paying the stamp duty yourself. The calculation must be done by December 31st, but payment can be made later (deadline: June 30th of the following year).
4. Stamp Duty Payment Deadline:
* Deadline: June 30th of the following year (e.g., June 30th, 2026 for the 2025 tax year).
* CEX: Typically withhold and remit the tax in December/January for convenience.
5. How to Pay Stamp Duty (If Holding in a Wallet):
* Form: Download the F24 form from the Italian Revenue Agency website (https://www.agenziaentrate.gov.it/portale/schede/pagamenti/f24/modello-e-istruzioni-f24).
* Fill out the form with the following details:
* Tribute Code: 1727
* Instalments/Region/Province / Ref. month: Leave blank
* Reference year: 2025 (for the 2025 tax year)
* Debit amounts paid: the calculated stamp duty amount.
In essence, the article advises Italian crypto investors to consider using centralized exchanges for the convenience of automatic tax withholding, or to be prepared to calculate and pay the stamp duty themselves if holding crypto in private wallets. It also highlights the potential benefits of using futures trading to maintain the 26% capital gains tax rate.