Is Staking Rewards Taxable in Italy 2025? Complete Tax Guide

Understanding Staking Rewards Taxation in Italy

As cryptocurrency adoption grows in Italy, investors increasingly ask: is staking rewards taxable in Italy 2025? The short answer is yes—staking rewards are subject to Italian taxation. Under current laws, staking income is classified as “miscellaneous income” (redditi diversi) and taxed at a flat 26% rate. While 2025 regulations aren’t finalized, experts anticipate continuity with existing frameworks. This guide breaks down key rules, reporting requirements, and potential changes for Italian crypto holders.

Current Tax Treatment of Crypto Staking (2024 Baseline)

Italy’s Revenue Agency (Agenzia delle Entrate) treats staking rewards as taxable income upon receipt. Key principles include:

• Tax Trigger: Rewards are taxed when they enter your wallet, not when sold.
• Valuation: Use EUR market value at receipt date (ECB exchange rates).
• Rate: Flat 26% tax applies regardless of holding period.
• Reporting: Must be declared in your annual tax return (Modello Redditi PF).

Projected 2025 Changes and EU Influence

While no official 2025 amendments exist yet, two factors could shape Italy’s approach:

• EU’s MiCA Regulation: Effective June 2026, this harmonizes crypto rules across Europe. Italy may align tax policies early, potentially introducing clearer staking classifications.
• Domestic Reforms: Discussions about a “crypto-friendly” tax regime (e.g., reduced rates for long-term holdings) continue, though 2025 changes remain speculative.

Monitor Italy’s 2025 Budget Law (expected late 2024) for updates.

How to Calculate Tax on Staking Rewards

Follow these steps to determine liabilities:

1. Track Rewards: Log dates/amounts of all staking distributions.
2. Convert to EUR: Apply the European Central Bank’s exchange rate for the receipt date.
3. Sum Annual Income: Total all rewards received in the tax year.
4. Apply 26% Tax: Multiply the total by 0.26 to calculate owed tax.

Example: You earn 0.5 ETH in 2025 when 1 ETH = €2,800. Taxable income = €1,400. Tax due = €364.

Reporting Staking Rewards: Step-by-Step

Italian taxpayers must declare staking rewards in Section II of the Modello Redditi PF form:

• Report under “Other Income” (RT21).
• Foreign platform users must also file Quadro RW for overseas assets.
• Keep detailed records: transaction IDs, exchange screenshots, and EUR conversions.

Penalties for Non-Compliance

Failure to report staking income risks severe consequences:

• 90%–240% fines on unpaid taxes
• Retroactive audits (up to 5 years)
• Criminal charges for evasion over €50,000

FAQs: Staking Taxes in Italy 2025

1. Are staking rewards taxed differently than trading profits?

No. Both are currently taxed as miscellaneous income at 26%. Trading gains from sales under €2,000/year are exempt, but staking lacks this threshold.

2. Do DeFi or NFT staking rewards follow the same rules?

Yes. Italy applies the 26% tax to all crypto-based rewards, including liquidity mining and NFT staking.

3. Can I deduct staking costs (e.g., hardware or fees)?

No. Italy doesn’t allow deductions for expenses related to crypto income generation.

4. What if I stake via an Italian platform like Young Platform?

Platforms may issue tax reports, but you remain responsible for accurate declaration. Domestic platforms simplify EUR conversion but don’t auto-pay taxes.

5. How does Italy tax staking from Proof-of-Work (PoW) vs. Proof-of-Stake (PoS)?

Identically. Reward source (PoW/PoS) doesn’t affect tax treatment—only the income value matters.

Staying Compliant in 2025

While staking rewards remain taxable in Italy through 2025, proactive steps reduce risks:

• Use crypto tax software (e.g., CoinTracking or Koinly) for automated EUR calculations.
• Consult a commercialista (Italian tax advisor) specializing in crypto.
• Subscribe to Agenzia delle Entrate newsletters for real-time updates.

Remember: Tax laws evolve. Verify rules via official channels before filing.