What is the Italian lump-sum regime for crypto?
The new residents regime allows paying a flat tax of 100,000 EUR/year on all foreign income (including crypto) for 15 years, regardless of the actual gains amount.
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Tax Exile Guide for Crypto: Italy
Complete step-by-step procedure to transfer your tax residence to Italy. Crypto tax rate: 33%.
Overview
Crypto tax rate
33%
Crypto-friendly score
★★☆☆☆
Cost of living
Moderate
Banking ease
Easy
Regulation
Strict
Preparation time
2-4 months
Step 1: Preparation for Departure
A tax relocation to Italy requires 2-4 months of preparation. Here are the essential steps before leaving.
1
Check your passport validity (minimum 6 months)
2
Gather all financial documents (bank statements, crypto history)
3
Notify your tax authority of your planned departure
4
Obtain a Codice Fiscale (Italian tax number)
5
Take out international health insurance
6
Prepare to open a local bank account
Step 2: Exit Tax
Some countries apply an exit tax on unrealised capital gains. Check whether your country of origin is affected.
Italy applies an exit tax on latent capital gains when transferring residence outside the EU/EEA. The rate is 26% on latent crypto capital gains.
⚠️ Warning: your country of origin may apply an exit tax. Consult a tax adviser.
Step 3: Visa & Residence
Choosing the right visa is essential for your tax relocation to Italy. Here are the main visa options available.
View the Italy visa guide on eVisa-Card.com →
Read the detailed guide on eVisa-Card.com: visa types, fees, processing times and procedures for Italy.
Step 4: Banking & Finance
Opening a bank account in Italy is a crucial step. Here are the recommended banks and the procedure.
Recommended banks
- 🏦 Intesa Sanpaolo
- 🏦 UniCredit
- 🏦 Fineco
- 🏦 Banca Sella
- 🏦 N26 (via EU)
Required documents
- 📄 Valid passport
- 📄 Codice Fiscale document (Italian tax number)
- 📄 Proof of local address
- 📄 Residence permit
Account opening time : 1-3 weeks
Intesa Sanpaolo, UniCredit and neo-banks (N26, Revolut) are available. Account opening requires a codice fiscale. Italian banks accept international clients with standard documents.
Step 5: Transferring Your Cryptocurrencies
Transferring your crypto assets to Italy requires compliance with local regulations. Here is the procedure.
Exchanges available in Italy
Young PlatformBinanceCrypto.comKraken
Regulator : CONSOB / OAM (Organismo Agenti e Mediatori)
Transfer steps
1.
Verify that your exchange is authorised in the destination country
2.
Check exchange OAM registration (Italy)
3.
Transfer via an EU-regulated exchange (MiCA)
4.
Keep a complete record of all transfers (dates, amounts, wallets)
CONSOB and Banca d'Italia regulate cryptocurrencies. The European MiCA framework applies. Exchanges must be registered with the OAM (Organismo Agenti e Mediatori). Crypto capital gains tax is 26%.
Step 6: Settlement & Daily Life
Settling in Italy: what you need to know for your daily life.
Italy offers an exceptional quality of life with its culture, gastronomy and climate. Milan is the financial and tech hub. The lump-sum regime for new residents (100,000 EUR/year) can be very advantageous. The healthcare system (SSN) is universal.
Step 7: Tax Compliance in Italy
Your tax obligations in Italy after settling.
Filing deadline
30 novembre
Forms to complete
Modello 730 / Modello Redditi PF
Quadro RW (monitoraggio fiscale)
Quadro RT (plus-values)
Obligations
✓
Flat tax of 33% on miscellaneous income
✓
Exit tax applicable if latent capital gains > 2,000,000 EUR
✓
File an annual tax return
✓
Declare all worldwide assets
Italy taxes crypto capital gains at 26% with an exemption threshold of 2,000 EUR/year. The lump-sum regime for new residents offers a flat tax of 100,000 EUR/year on all foreign income for 15 years. The Quadro RW is mandatory for declaring assets abroad.
Estimated monthly cost of living
| Studio/1-bedroom rent | 500-1 000 EUR/month |
| Family rent (3 bedrooms) | 900-2 000 EUR/month |
| Utilities (water, electricity, internet) | 100-200 EUR/month |
| Food | 300-500 EUR/month |
| Transport | 50-100 EUR/month |
| Health insurance | 0-50 EUR/month |
| Estimated monthly budget | 1 000 - 3 900 EUR/month |
Pros & Cons
Pros
- ✓Flat tax regime available
- ✓EU member
- ✓Cultural life
Cons
- ✗High tax rate
- ✗Exit tax applicable
- ✗Bureaucracy
Frequently Asked Questions
How are crypto capital gains taxed in Italy?
Crypto capital gains are taxed at 26% (imposta sostitutiva). An exemption threshold of 2,000 EUR/year applies. Losses can be carried forward for 4 years.
Do you need to declare crypto in the Quadro RW?
Yes, all cryptocurrencies held must be declared in the Quadro RW of the tax return, whether on Italian or foreign exchanges.
Is the lump-sum regime open to everyone?
No, you must not have been a tax resident in Italy for at least 9 of the previous 10 years. The cost is 100,000 EUR/year (25,000 EUR for each family member).
What is the cost of living in Milan?
Milan is the most expensive city in Italy: 2,000-4,500 EUR/month all-inclusive. An apartment costs 1,000-2,500 EUR/month. Rome, Florence and Naples are 20-30% cheaper.
⚠️ Disclaimer
This guide is provided for informational purposes only and does not constitute tax, legal, or financial advice. Laws and regulations change regularly. Consult a qualified professional before making any decision regarding tax relocation.
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