Skip to content

Italian section RW: tax monitoring of foreign investments and accounts

Section RW of the Italian Redditi Persone fisiche return is used for tax monitoring: it is completed by natural persons resident in Italy who hold investments abroad and foreign financial assets, as owners or under another right in rem, and crypto-assets. The same section computes IVIE on foreign real estate, IVAFE on foreign financial products, accounts and savings books, and the tax on the value of crypto-assets. Foreign accounts and deposits whose maximum value in the year does not exceed 15,000 euros are outside monitoring, but the section must still be completed if IVAFE is due. The Redditi PF 2026 return is filed online between 15 April and 2 November 2026; taxpayers using the 730 complete section W, its equivalent.

Up to date for 2026 — verified on September 25, 2026Official procedure, no printed formGuide: about 45 min

This content is part of the path: Investing and declaring financial income· Step 9 of 10· Next step: Italian income tax return: Redditi Persone fisiche form

This content is part of the path: Moving back to Italy to work· Step 7 of 8· Next step: Italian income tax return: Redditi Persone fisiche form

Deadlines

15 April to 2 November 2026
Online filing of the Redditi PF 2026 return (tax year 2025) with section RW; 31 October falls on a Saturday
Irpef deadlines
Payment of IVIE and IVAFE, balance and advances, under the same rules as Irpef

Documents to prepare

  • Annual statements from foreign intermediaries, with year-end values and balances
  • Purchase deeds for foreign property or, failing that, an estimate of year-end market value
  • Details of crypto-asset wallets and accounts
  • The Agenzia's order setting monthly exchange rates, for foreign-currency values
See the procedure on the official site

No form is attached to this procedure: the link leads to the official page that describes it.

What this page gives you

The guide above and the link to the official site. ActioFin does not produce any document for this page: whatever you fill in or file is done on the official medium.

Who this applies to

  • Natural persons resident in Italy who hold investments or financial assets abroad, however acquired
  • Anyone holding crypto-assets in wallets, digital accounts or other storage or custody systems
  • Anyone owing IVIE on a property located abroad or IVAFE on foreign financial products, current accounts and savings books
  • Since 2020 non-commercial entities and resident simple partnerships subject to tax monitoring are also liable to IVAFE

Worked example

Chiara Moretti, resident in Milan, with a securities account in Germany

Chiara holds ETFs with a German broker worth 40,000 euros at 31 December 2025, and a current account in Germany whose maximum value in 2025 was 9,000 euros, with an average balance of 3,000 euros. The account does not exceed 15,000 euros, so it is outside monitoring; and with an average balance not above 5,000 euros, according to the ivafe calculator, no IVAFE is due on it: she does not report it in section RW. The ETF account does go in section RW, where Chiara computes the IVAFE: the ivafe calculator, at 2 per thousand, puts it at 80 euros. She files Redditi PF 2026 by 2 November 2026 and pays the 80 euros as a balance with the F24, tax code 4043, on the same deadline as the Irpef balance.

How to fill it in, step by step

  1. List everything you held abroad during the year: property, accounts and deposits, securities and other financial products, crypto-assets, with your ownership share and holding period.
  2. For foreign accounts and deposits, check the maximum value reached in the year: if it does not exceed 15,000 euros they are outside monitoring, unless IVAFE is due.
  3. Value each asset: for property, the cost in the purchase deed or, failing that, the market value at year end where it is located; foreign-currency values are converted into euros using the monthly exchange rates set by the Agenzia's order.
  4. Compute IVIE and IVAFE with the ivie and ivafe calculators and report them in section RW.
  5. Complete section RW of the Redditi PF return (booklet 2, instructions from page 48) and file the return online by the deadline.
  6. Pay IVIE and IVAFE with the F24 on the Irpef deadlines: IVAFE 4043 balance, 4047 first instalment and 4048 second instalment or single advance; IVIE 4041 balance, 4044 first instalment and 4045 second instalment or single advance.

Good to know

  • Taxpayers filing the 730 complete section W, which serves the same monitoring and computes IVAFE, IVIE and the crypto-asset tax; for the data to enter, the 730 instructions refer to those for section RW.
  • IVIE on property held through trust companies (società fiduciarie) has its own tax codes: 4042 for the balance and 4046 for the advance.
  • Those allowed to file Redditi PF on paper do so at post offices between 15 April and 30 June 2026.
  • The rates, threshold and fixed charge on accounts are not repeated here: the ivie and ivafe calculators carry them, with their sources.
  • The official instructions for the section (booklet 2 of Redditi PF 2026, from page 48) are a PDF: this guide identifies them but relies on the Agenzia's information pages.

Common mistakes

  • Leaving out a foreign account below 15,000 euros on which IVAFE is still due: exemption from monitoring does not exempt from the section.
  • Forgetting crypto-assets, which go in section RW also for the tax on their value.
  • Converting foreign-currency values at the daily rate instead of the monthly rates set by the Agenzia's order.
  • Using an IVIE tax code for IVAFE or vice versa: 4041, 4044 and 4045 are IVIE; 4043, 4047 and 4048 are IVAFE.
  • Believing the 730 cannot report foreign investments: section W is there for that.

Frequently asked questions

Who must complete section RW?

Natural persons resident in Italy who hold investments abroad or foreign financial assets, as owners or under another right in rem, and crypto-assets; the section is also used to compute IVIE and IVAFE.

Must a foreign account with little money be reported?

Monitoring does not cover foreign deposits and accounts whose total maximum value in the year does not exceed 15,000 euros; the section must still be completed if IVAFE is due on that account.

When is section RW filed?

With the Redditi PF return: for 2026 (tax year 2025) online between 15 April and 2 November 2026, directly or through an authorised intermediary; paper filing at post offices is only allowed between 15 April and 30 June 2026.

Can the 730 be used instead of section RW?

Yes: the 730 contains section W, which reports foreign investments and assets and computes IVAFE, IVIE and the crypto-asset tax.

How are IVIE and IVAFE paid?

With the F24, following the Irpef rules for advance and balance. IVAFE: 4043 balance, 4047 and 4048 advance. IVIE: 4041 balance, 4044 and 4045 advance.

Go further

Compute the related amounts

Understand this form: the related course

Related forms

Official sources

Read in Italian

Guide and document provided for information purposes only; they do not constitute personalised legal or tax advice. Check the recipient organisation's requirements and consult a professional if needed.