Italy Passes 26% Crypto Gains Tax in New 2025 Budget
Italy has officially approved a 26% crypto-gains tax on profits exceeding €2,000 in its new 2025 budget. This decision, finalized on Dec. 29, 2025, days before the year’s end, by the Italian Senate, marks a significant shift in how crypto assets are taxed in the country.
As reported by Coindesk and Cryptoslate, the Italian Parliament has given its approval for the 26% tax to go into effect on Dec. 30, 2025, for any cryptocurrency-related profits over €2,000. Starting from 2025, crypto traders in Italy are subjected to pay the 26% capital gains tax on gains exceeding 2025 euros.
The new bill also sets a substitute income tax for investors declaring crypto holdings. Article 43 of bill 1330, definitively approved by the Senate, sets the substitute tax rate on capital gains and other miscellaneous income at 26%. This new taxation policy aims to regulate the growing crypto market within Italy.
Important Note: Some reports suggest a potential increase to 42%. While initial discussions, including those reported by Italy's Deputy Finance Minister Maurizio Leo, mentioned a proposal to raise the capital gains tax on cryptocurrencies such as Bitcoin to 42%, the finalized budget, as of December 2025, implements the 26% tax rate. It's essential to stay updated on any future amendments to this law.