Simplify your Italian crypto taxes with Bitpanda and Blockpit

Whether you’re a long-term holder or an active trader, the past year’s market recovery may have brought some solid gains. That’s great news – but it also means your crypto taxes need a closer look. With updated regulations and the removal of key exemptions, all transactions could now have tax implications.

Thanks to Blockpit, you can keep your reporting in order, stay compliant and potentially save money. The best part? As a Bitpanda user, you’ll receive a 10% discount on your first paid Blockpit tax licence of the year — for all depots, Bitpanda and beyond.

How does crypto taxation work in Italy?

In Italy, crypto gains in 2025 are taxed at a flat rate of 26%, and every gain, no matter the amount, must now be declared. The previous €2,000 exemption was removed as of 1 January 2025. So whether you’re selling crypto for fiat, swapping it for another digital asset or realising profits in any way, it counts as a taxable event.

There’s also a simplified option: Italy offers an 14% substitute tax on the total value of your crypto holdings as of 1 January. It’s a one-off calculation that replaces capital gains – but keep in mind, you can’t offset losses if you choose this route.

On the bright side, if you’ve had any losses, you can report those too – and potentially offset them against future gains for up to 5 years, reducing your tax burden.

To take full advantage of tax optimisation opportunities, it’s crucial to stay ahead of the key deadlines and ensure your records are accurate.

Here’s what the 2025 Italian tax calendar looks like:

• By 30 June: If you opt for the 14% substitute tax, make sure to pay it in full or start your first of three yearly instalments. A quick note: A 3% interest applies to the remaining payments.
• By 30 September: This is the deadline to submit the Modello 730 form – ideal if you’re an employee or have simple tax needs. You can file it online or get help from a CAF or tax professional.
• By 31 October: Last chance to file the Modello Redditi PF, the go-to form for reporting crypto gains and foreign holdings via Form RT and Form RW.

Staying compliant and meeting deadlines is only half the challenge. The real complexity lies in tracking your crypto transactions across platforms, calculating gains and losses and classifying everything according to local tax rules. That is where Blockpit comes in.

Why use Blockpit for your tax reports?

Blockpit makes it easy to track your crypto-assets and generate tax reports, and it fully supports the Italian tax framework. It automatically tracks, categorises and calculates your transactions – saving you hours of manual work and giving you confidence that your taxes are done right.

Getting started is simple: just sign up to Blockpit via Bitpanda, then sync your trading account using the API import function. Blockpit will securely import your transaction history, classify everything in line with Italian regulations, and give you a real-time overview of your tax liabilities. When you're ready, you can generate a complete tax report that’s ready to be filed alongside your other documents.

And here’s a little bonus: As a Bitpanda customer, you’ll receive an exclusive 10% discount on your first paid Blockpit licence of the year – and it applies to all your depots, not just Bitpanda. So whether you're managing multiple wallets or trading across platforms, you can save while staying compliant.

How to export your tax report with Blockpit via Bitpanda

Once you’re set up with Blockpit, generating your tax report is quick and easy. Here’s how to do it in just a few steps:

1. Export your transactions from Bitpanda: Head to your Bitpanda profile and navigate to Transaction History. Click on Export, then choose Blockpit Tax Report and select Try Blockpit to get started.
2. Register and activate your Blockpit account: Sign up on Blockpit, check your email for the activation link, and confirm your account. You’ll be asked to set your tax residence – make sure to select Italy for local tax compliance.
3. Import your transactions via API: In Blockpit, select Bitpanda as your exchange and follow the instructions to generate an API key in your Bitpanda account. Copy and paste the key into Blockpit to sync your transaction history securely.
4. Generate your tax report: Go to the Reports section in Blockpit, select the relevant tax year, and upgrade your licence if needed. Then click Calculate Report – and you’re ready to go!

Don’t forget: By following these steps your 10% Bitpanda customer discount will be automatically applied at checkout when you purchase your first Blockpit licence of the year.

Want to see it in action? Watch our video tutorial and learn how to generate your tax report with Blockpit in just a few minutes.

Stay compliant, save time and maximise your gains

With Bitpanda and Blockpit, managing your crypto taxes doesn’t have to be a headache. Just connect your account, generate your report and file it on time – all without the stress of spreadsheets or second-guessing the rules. Together, we make crypto tax reporting straightforward, accurate and fully compliant with Italian regulations.

So while we handle the numbers, you can focus on what really matters – whether that’s growing your portfolio, planning your next move or simply enjoying peace of mind this tax season.

Disclaimer

This article does not constitute investment advice, nor is it an offer or invitation to purchase any digital assets.

The tax reporting solution is a service provided solely by Blockpit. Bitpanda disclaims any and all liability for such third party services. You are solely responsible for compliance at all times with all domestic and international tax laws resulting from holding, trading and/or exchanging assets with the trading service, so we advise you to consult your own tax and accounting advisors before filing your tax return.