📝 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
To categorize your transactions, go to the My Transactions page and follow this tutorial.
For further information on Italian crypto taxation, visit the dedicated article in your Help Center.
To understand LIFO and FIFO calculation methods, consult the article on Calculation Methods.