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Transactions - Italy - Deposit labels

This article explains which label to choose to categorize your deposit transactions as an Italian tax resident.

📝 Description

This guide lists the deposit labels available on Waltio for Italian users. Each label has a specific tax impact on LIFO calculations and the taxation of your operations.

👉 AP = Acquisition Price

👉 When a passive income deposit enters the LIFO calculation, its acquisition price (AP) is deemed to be €0.


⚠️ Warnings

  • The applicable calculation method in Italy is LIFO (Last In, First Out).

  • In Italy, when passive crypto income is received, it is deemed to have been acquired at a price of €0.

  • All deposits must be labeled or matched as internal transfers.

⚖ Summary table of deposit labels

Label

LIFO Impact / Acquisition Price

Taxable?

Impact on Crypto Holdings

Example

Masternodes & staking

AP: €0

✅ AP integrated into LIFO

❌ Not taxable

⏫ Increase

Mining gains

AP: €0

✅ AP integrated into LIFO

❌ Not taxable

⏫ Increase

Play2earn gains

AP: €0

✅ AP integrated into LIFO

❌ Not taxable

⏫ Increase

Liquidity Withdrawal

AP: equal to the initial AP of the deposited crypto

✅ AP integrated into LIFO

❌ Not taxable

⏫ Increase

ICO

AP: €0

✅ AP integrated into LIFO

❌ Not taxable

⏫ Increase

Cashback

AP: €0

✅ AP integrated into LIFO

❌ Not taxable

⏫ Increase

Airdrop

AP: €0

✅ AP integrated into LIFO

❌ Not taxable

⏫ Increase

Fork

AP: €0

✅ AP integrated into LIFO

❌ Not taxable

⏫ Increase

Other Gain

AP: €0

✅ AP integrated into LIFO

❌ Not taxable

⏫ Increase

Salary

Market price at the time of receipt (refer to payslip)

✅ AP integrated into LIFO

✅ Specific regime: employment income. ❌ Not taxable on Waltio

⏫ Increase

Swap

AP: initial purchase price of the sold crypto. ⚠️ If EMT: taxable swap, the AP of the received EMT = market value on the day of the exchange

✅ AP integrated into LIFO

❌ Not taxable. ✅ The disposal (not the deposit) is taxable if swapping crypto to an EMT stablecoin

⏫ Increase

Crypto Purchase

AP: purchase price

✅ AP integrated into LIFO

❌ Not taxable

⏫ Increase

Scam

AP: €0 - Disregarded

❌ No LIFO impact

❌ Not taxable

⏸ No change

Internal Transfer

AP: initial AP of the transferred crypto

❌ No LIFO impact

❌ Not taxable

⏫ Increase

Derivatives Gain

AP: €0

✅ AP integrated into LIFO

✅ Specific tax regime. ❌ Not taxable on Waltio

⏫ Increase

No label

AP: €0

✅ AP integrated into LIFO

❌ Not taxable

⏫ Increase


💡 Additional information

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