📝 Description
{% hint style="info" %} This guide lists the deposit labels available on Waltio for Italian users. Each label has a specific tax impact on the LIFO calculation and the taxation of your transactions.
👉 AP = Acquisition Price
👉 When a passive gain deposit impacts the LIFO cost, it is always impacted by the market price, i.e. an acquisition price equal to EUR 0. {% endhint %}
{% hint style="warning" %}
The calculation method applicable in Italy is LIFO (Last In, First Out).
In Italy, when a passive gain is received, it is considered to have been acquired at a price of EUR 0.
All deposits should be labelled or matched. {% endhint %}
Deposit labels
Label | LIFO impact / Acquisition price | Taxable? | Crypto stock impact | Example |
Masternodes & staking | AP: EUR 0 | ✅ Integration of AP into LIFO | ❌ Not taxable | ⏫ Increase |
Mining gains | AP: EUR 0 | ✅ Integration of AP into LIFO | ❌ Not taxable | ⏫ Increase |
Play2earn gains | AP: EUR 0 | ✅ Integration of AP into LIFO | ❌ Not taxable | ⏫ Increase |
Liquidity withdrawal | AP: equal to the initial AP of the crypto deposited as liquidity | ✅ Integration of AP into LIFO | ❌ Not taxable | ⏫ Increase |
ICO | AP: EUR 0 | ✅ Integration of AP into LIFO | ❌ Not taxable | ⏫ Increase |
Cashback | AP: EUR 0 | ✅ Integration of AP into LIFO | ❌ Not taxable | ⏫ Increase |
Airdrop | AP: EUR 0 | ✅ Integration of AP into LIFO | ❌ Not taxable | ⏫ Increase |
Fork | AP: EUR 0 | ✅ Integration of AP into LIFO | ❌ Not taxable | ⏫ Increase |
Other gain | AP: EUR 0 | ✅ Integration of AP into LIFO | ❌ Not taxable | ⏫ Increase |
Salary | Market price at the time of receipt (see: pay slip) | ✅ Integration of AP into LIFO | ✅ Specific regime: salary. ❌ Not taxable on Waltio | ⏫ Increase |
Swap | AP: initial purchase price of the crypto sold. ⚠️ If EMT: taxable swap, AP of the EMT received = market value on the day of the exchange | ✅ Integration of AP into LIFO | ❌ Not taxable. ✅ The sale (not the deposit) is taxable if crypto swap for EMT stablecoin | ⏫ Increase |
Crypto purchase | AP: purchase price | ✅ Integration of AP into LIFO | ❌ Not taxable | ⏫ Increase |
Scam | AP: EUR 0 - Not taken into account | ❌ No LIFO impact | ❌ Not taxable | ⏸ No change |
Transfer between accounts | AP: initial AP of the transferred crypto | ❌ No LIFO impact | ❌ Not taxable | ⏫ Increase |
Derivative gains | AP: EUR 0 | ✅ Integration of AP into LIFO | ✅ Specific regime. ❌ Not taxable on Waltio | ⏫ Increase |
No label | AP: EUR 0 | ✅ Integration of AP into LIFO | ❌ Not taxable | ⏫ Increase |
Additional information
To label your transactions, go to My transactions.
For more information on Italian cryptocurrency taxation, see the dedicated article in your Help Center.
To understand the LIFO and FIFO calculation methods, see the article Calculation methods.