4h ago
Italy's crypto gains tax rises to 33% on 1 January 2026; non-declaration penalties
Failing to declare crypto holdings or gains already triggers fines, capital freezes and automated checks, with stricter rules starting on 1 January 2026. Penalties range from 3%–15% for non-monitoring and 90%–120% of the tax due for undeclared profits, while banks require proof of fund origin. Under MiCA, exchanges share user data with authorities, and the capital gains rate will move to 33%.