Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Strategic Hire Signals Explosive RWA Growth

05/08/2025

Aave repurchases 70,000 tokens, boosting DeFi lead

05/08/2025

FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s

05/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Market Prophet Tom Lee Explains Why He Chose Ethereum Over Bitcoin

    04/08/2025

    How Much of Ethereum’s Supply Is Lost Forever? Here’s the Amount That Must Be Excluded When Calculating Supply

    04/08/2025

    Ethereum Rainbow Chart predicts ETH price for August 1, 2025

    04/08/2025

    Ethereum (ETH) Reclaims $3,800. Is $4,000 Likely?

    04/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    05/08/2025

    CryptoPunks and Pudgy Penguins Draw Major Sales

    04/08/2025

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    03/08/2025

    Ethereum Collections Lead NFT Sales Today

    03/08/2025

    Strategic Hire Signals Explosive RWA Growth

    05/08/2025

    Aave repurchases 70,000 tokens, boosting DeFi lead

    05/08/2025

    FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s

    05/08/2025

    Nexus Mutual’s $250k payout cushions blow for Arcadia hack victims

    05/08/2025
  • Blockchain

    Gaia AI Mainnet Launch Accelerates Mira’s Vision for Decentralized Trust in AI

    04/08/2025

    Coinbase’s network Base launches free security review program for native builders

    04/08/2025

    Pipe Network debuts Firestarter Storage for Solana developers

    04/08/2025

    ZENi Taps StarAI to Ignite Web3 Content Revolution

    04/08/2025

    Zoro Technology Teams Up with Helix Labs to Unveil Cross-Chain AI Restaking

    04/08/2025
  • DeFi

    Strategic Hire Signals Explosive RWA Growth

    05/08/2025

    Aave repurchases 70,000 tokens, boosting DeFi lead

    05/08/2025

    FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s

    05/08/2025

    Nexus Mutual’s $250k payout cushions blow for Arcadia hack victims

    05/08/2025

    Solana Treasury Company DeFi Dev Corp Buys the SOL Dip, Stacks Another $18 Million

    05/08/2025
  • Metaverse

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025
  • Regulation

    Western Union Eyes Stablecoins as Remittance Giants Face Outward Pressure

    03/08/2025

    Can Trump Fire Fed Chair Jerome Powell—And What Does That Mean For Crypto?

    03/08/2025

    Strategy Reveals Another Stock Offering to Boost $71 Billion Bitcoin Stash

    03/08/2025

    Robinhood CEO Acknowledges OpenAI Crypto Stock ‘Controversy’—But Is Doubling Down

    03/08/2025

    Why Dave Portnoy Fumbled His XRP Bag Before the Boom

    03/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    DEX trading volume tops $1T for the first time in July, Hyperliquid leads record perp surge

    05/08/2025

    Coinbase to Delist Popular Cryptocurrency This August: Details

    05/08/2025

    Binance Sends Millions in Crypto to Wintermute Amid Transparency Questions

    05/08/2025

    Bitcoin Exchange Binance Deletes Numerous Altcoin Trading Pairs from Margin Trading! Here Are the Details

    05/08/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    05/08/2025

    The Biggest Games Releasing in August 2025

    03/08/2025

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    02/08/2025

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    01/08/2025

    French MPs Float Plan to Mine Bitcoin With Surplus Nuclear Energy

    04/08/2025

    A Remarkable Achievement in Bitcoin Mining

    04/08/2025

    Bitcoin Miners’ Profit Margin Reaches Highest Level in Recent Times – What Does This Mean?

    04/08/2025

    Bitcoin Mining Is Tougher Than Ever — So Why Are Miners Smiling?

    04/08/2025

    Tornado Cash Developer Roman Storm Will Not Take the Stand, Lawyers Say

    04/08/2025

    Chinese Exec Jailed for Laundering $19.5M Through Crypto Mixers, Exchanges

    04/08/2025

    Expert Shares Fresh Timeline as SEC Yet To Withdraw Appeal

    04/08/2025

    Hong Kong to begin 6-month transition period for new stablecoin rules

    04/08/2025

    Strategic Hire Signals Explosive RWA Growth

    05/08/2025

    Aave repurchases 70,000 tokens, boosting DeFi lead

    05/08/2025

    FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s

    05/08/2025

    Nexus Mutual’s $250k payout cushions blow for Arcadia hack victims

    05/08/2025
  • MarketCap
NBTC News
Home»Legal»taxed also the capital gains from crypto payments
Legal

taxed also the capital gains from crypto payments

NBTCBy NBTC29/03/2025No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


In Italy, there is a specific law on cryptocurrencies that came into effect two years ago, but some points are still not entirely clear. One of these concerned the calculation of taxes on crypto payments, because the law did not specify it in an explicit, evident, and clearly understandable way.

This point was clarified yesterday by the Italian government itself, with an official response to a question from the honorable Giulio Centemero.

  • Taxes on capital gains from crypto payments in Italy
  • Capital gains on crypto payments
  • The fiscally significant events

Taxes on capital gains from crypto payments in Italy

The issues were actually two, although to be honest the conclusions reached by the government could have been quite clearly deduced by anyone by putting together the various Italian laws.

The first concerned the possible taxation of crypto payments, even in the absence of capital gains.

The second, however, concerned the taxation of any capital gains deriving from crypto payments.

In both cases, the government confirmed what was already known: in Italy, no tax is applied to cryptocurrency payments per se, but only to any capital gains that may be generated when making a payment in criptovalute.

The government writes:

“The simple purchase of goods and services using cryptocurrency, following which there is no realization of any gain, would not fall under a taxable scenario”.

Capital gains on crypto payments

The key issue in this case is therefore only related to the potential realization of capital gains.

The government’s response specifically mentions the crypto law approved in Italy at the end of 2022 and entered into force in 2023, according to which in the case of an exchange of crypto-assets with other goods, the difference between the consideration received and the tax value contributes to the formation of income.

In other words, this means that when cryptocurrencies are used to pay for the purchase of a good, and thus the condition of exchanging crypto-assets with other goods occurs, the event is fiscally relevant.

Being fiscally relevant, in the case of realization of capital gains, these are taxable, specifically at 26%, which however starting from January 1, 2026, will be increased to 33%.

To calculate the capital gains when using crypto to pay for the purchase of goods and services, it is necessary to subtract the purchase cost of the crypto from the euro value of the purchased goods, or calculate the profit, starting from the concept that receiving goods or services by paying in cryptocurrencies is a fiscally relevant event.

Therefore, if the value in euros of the goods purchased is equal to or less than the purchase cost of the crypto used for the payment, no capital gains are realized, and therefore taxation does not apply.

The fiscally significant events

It should be noted, however, that Italian law specifies that exchanges between cryptocurrencies with the same characteristics and functions are not fiscally relevant.

Therefore, if one uses a cryptocurrency, such as Bitcoin, to purchase another similar cryptocurrency, such as Ethereum, the event is not considered fiscally relevant by Italian law. This means that any capital gains are not taxed.

If instead one sells a cryptocurrency, such as Bitcoin, Ethereum, or similar, to cash in stablecoin redeemable in fiat, such as USDC, the taxation of any realized capital gains is triggered. This criterion also applies to the purchase of goods or services with payment in crypto.

The problem lies in the fact that if cryptocurrencies like Bitcoin or Ethereum are used to purchase goods and services, the purchase cost to be subtracted from the value of the purchased goods for the calculation of any capital gains must be traced back to the first moment when cryptocurrencies were acquired by paying with assets having different characteristics and functions.

This involves a significant difficulty in calculating any capital gains if many transactions have been carried out.

“`html

For example, if a good or service is paid in DAI, which is not considered a stablecoin but an asset-referenced token with characteristics similar to cryptocurrencies, the calculation of any capital gains becomes complicated if the DAI were not purchased in fiat currency or stablecoin, but for example through a sale of ETH. And if the previous purchase of ETH was made with a payment in BTC, the situation becomes even more complicated.

“`

In this specific case, one should trace back to the first purchase of cryptocurrencies made in fiat or stablecoin, or other assets with characteristics and functions different from these cryptocurrencies, and do all the calculations. It turns out to be so complicated that it is strongly suggested in these cases to use the appropriate software that has been designed for this type of operations.

All this in fact favors the sale of cryptocurrencies into stablecoin, before proceeding with purchases of goods or services paid in crypto, because proceeding in this way simplifies the calculations of the software.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Tornado Cash Developer Roman Storm Will Not Take the Stand, Lawyers Say

04/08/2025

Chinese Exec Jailed for Laundering $19.5M Through Crypto Mixers, Exchanges

04/08/2025

Expert Shares Fresh Timeline as SEC Yet To Withdraw Appeal

04/08/2025

Hong Kong to begin 6-month transition period for new stablecoin rules

04/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Strategic Hire Signals Explosive RWA Growth

05/08/2025

Aave repurchases 70,000 tokens, boosting DeFi lead

05/08/2025

FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s

05/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.