Tax withholding and tax regimes

When you open the account, if you are resident in Italy, you can choose between the administered regime and the declarative regime. This choice determines how your tax obligations are handled.

CheckSig can act as withholding agent, in the cases and within the limits set by Italian regulations.

Administered regime

• CheckSig calculates and pays stamp duty and the taxes on any capital gains on your behalf
• We manage and carry forward any capital losses within the legal limits (currently up to four years)
• If you hold all your crypto with CheckSig, you do not need to report it in your tax return

The withholding agent service is free of charge.

The withholding agent service is not available for business accounts.

Declarative regime

(for tax residents in Italy)

• You are responsible for your tax obligations
• You must fill in the RW form for monitoring purposes
• You must calculate and declare any capital gains
• You still have monthly and annual statements available (from the menu at the top right, “Documents” section)