{"id":52807,"date":"2025-08-28T22:08:26","date_gmt":"2025-08-28T20:08:26","guid":{"rendered":"https:\/\/entretramites.com\/en\/?p=52807"},"modified":"2025-08-28T22:08:28","modified_gmt":"2025-08-28T20:08:28","slug":"cryptocurrency-taxation-spain","status":"publish","type":"post","link":"https:\/\/entretramites.com\/en\/economy-finance\/cryptocurrency-taxation-spain","title":{"rendered":"Cryptocurrency Taxation in Spain: Practical Guide for the Income Tax"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>How Does Cryptocurrency Taxation Work in Spain?<\/strong><\/h2>\n\n\n\n<p>With over <strong>5 million Spaniards (12%) owning crypto<\/strong>, according to Statista, taxation has become a top priority for the Spanish <a href=\"https:\/\/sede.agenciatributaria.gob.es\/Sede\/en_gb\/inicio.html\" rel=\"nofollow noopener\" target=\"_blank\"><strong>Tax Agency (<\/strong><strong><em>Agencia Tributaria<\/em><\/strong><strong>).<\/strong><\/a><\/p>\n\n\n\n<p>Cryptocurrencies are treated as <strong>capital gains or losses<\/strong> under the <strong>Personal Income Tax (IRPF)<\/strong> whenever they are sold, exchanged, or transferred.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Income Tax (IRPF) and Cryptocurrencies<\/strong><\/h2>\n\n\n\n<p>For the <strong>2024 tax year<\/strong>, crypto profits are included in the <strong>savings base<\/strong> with these rates:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>19% up to \u20ac6,000<br><\/li>\n\n\n\n<li>21% up to \u20ac50,000<br><\/li>\n\n\n\n<li>23% up to \u20ac200,000<br><\/li>\n\n\n\n<li>27% up to \u20ac300,000<br><\/li>\n\n\n\n<li>28% over \u20ac300,001<br><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Example:<\/strong><strong><br><\/strong> Buying Bitcoin at \u20ac5,000 and selling at \u20ac8,000 generates a <strong>\u20ac3,000 gain<\/strong>, taxed under these brackets.<\/p>\n\n\n\n<p>Losses (e.g. \u20ac2,000 lost with Ethereum) can be offset against other capital gains or even financial yields in the following years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Wealth Tax and Cryptocurrencies<\/strong><\/h2>\n\n\n\n<p>If your <strong>net assets exceed the regional exemption threshold<\/strong> or \u20ac2,000,000 nationally, you must include cryptocurrencies in your <strong>Wealth Tax return (Modelo 714)<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Assets are valued at 31 December, based on official or market average prices.<br><\/li>\n\n\n\n<li>Since 2024, <strong>Section Q<\/strong> of<a href=\"https:\/\/app.entretramites.com\/stripePaymentLink?id=10068&amp;t=67f36c18\"><strong> Modelo 714<\/strong><\/a> was dedicated to declaring crypto balances.<br><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Modelo 721: Cryptocurrencies Abroad<\/strong><\/p>\n\n\n\n<p>From 2024, crypto investors with <strong>over \u20ac50,000 in assets abroad<\/strong> must file <strong>Modelo 721<\/strong> between 1 January and 31 March of the following year.<\/p>\n\n\n\n<p>Key points:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It applies to coins, stablecoins, and tokens.<br><\/li>\n\n\n\n<li>It covers both hot wallets and cold wallets if custody is by a foreign provider.<br><\/li>\n\n\n\n<li>It is <strong>informative only<\/strong>, but failing to file can trigger fines starting at \u20ac10,000.<br><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>VAT and Cryptocurrencies<\/strong><\/h2>\n\n\n\n<p>Cryptocurrency transactions (buying, selling, or exchanging) are <strong>exempt from VAT<\/strong>, since they are considered virtual currencies with exchange value.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Donations and Inheritance<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Donations<\/strong> of cryptocurrencies are taxed under the <strong>Inheritance and Gift Tax<\/strong>, with rates from <strong>7.65% to 34%<\/strong>, depending on region and amount.<br><\/li>\n\n\n\n<li>Inheritances involving crypto must also be declared in this tax.<br><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Risks of Not Declaring Cryptocurrencies<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fines of up to <strong>150% of unpaid tax<\/strong>.<br><\/li>\n\n\n\n<li>Minimum \u20ac10,000 penalties for not filing <strong>Modelo 721<\/strong>.<br><\/li>\n\n\n\n<li>Additional surcharges for late declarations.<br><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>The EU\u2019s <strong>DAC8 directive<\/strong> and Spain\u2019s adoption of <strong>DAC7<\/strong> increase cross-border reporting, making undeclared crypto more visible than ever.<\/p>\n\n\n\n<p>If you need help with <strong>cryptocurrency taxation<\/strong>, at <strong>Entre Tr\u00e1mites<\/strong> we provide expert advice for investors, freelancers, and SMEs. You can contact us here, schedule a free consultation, or message us on WhatsApp.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Frequently Asked Questions<\/strong><\/h2>\n\n\n\n<p><strong>Do I need to declare cryptocurrencies I haven\u2019t sold?<\/strong><strong><br><\/strong> Not in IRPF, unless holdings abroad exceed \u20ac50,000 (Modelo 721), or you must include them in Wealth Tax.<\/p>\n\n\n\n<p><strong>Can I offset crypto losses against other gains?<\/strong><strong><br><\/strong> Yes. Losses can be offset against capital gains and, within limits, financial yields.<\/p>\n\n\n\n<p><strong>Do I need to declare all my cryptocurrencies?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In IRPF: only operations generating gains or losses.<br><\/li>\n\n\n\n<li>In Wealth Tax: all crypto if you exceed thresholds.<br><\/li>\n\n\n\n<li>In Modelo 721: holdings abroad above \u20ac50,000.<br><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Understanding <em>cryptocurrency taxation<\/em> in Spain is essential for anyone investing in digital assets. With stronger reporting obligations and penalties, compliance not only avoids risks but also ensures you can optimise your tax position legally.\u00a0<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>You can also contact us directly through this<a href=\"https:\/\/entretramites.com\/en\/contact\"> <strong>contact Form<\/strong><\/a> for us to call you, or if you prefer, you can<a href=\"https:\/\/entretramites.com\/en\/consultancy\/free-tax-consultation\"> <strong>schedule a free consultation<\/strong><\/a> or write to us on<a href=\"https:\/\/api.whatsapp.com\/send\/?phone=34644034481&amp;text=Hola%21+Quisiera+saber+m%C3%A1s+sobre+sus+servicios&amp;type=phone_number&amp;app_absent=0\" rel=\"nofollow noopener\" target=\"_blank\"> <strong>WhatsApp<\/strong><\/a>. We&#8217;re here to make the process easier for you!.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Complete guide on cryptocurrency taxation in Spain. Learn IRPF, Wealth Tax, Modelo 721 rules, and penalties.<\/p>\n","protected":false},"author":25,"featured_media":52808,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-52807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-finance"],"acf":[],"_links":{"self":[{"href":"https:\/\/entretramites.com\/en\/wp-json\/wp\/v2\/posts\/52807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entretramites.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entretramites.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entretramites.com\/en\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/entretramites.com\/en\/wp-json\/wp\/v2\/comments?post=52807"}],"version-history":[{"count":2,"href":"https:\/\/entretramites.com\/en\/wp-json\/wp\/v2\/posts\/52807\/revisions"}],"predecessor-version":[{"id":52810,"href":"https:\/\/entretramites.com\/en\/wp-json\/wp\/v2\/posts\/52807\/revisions\/52810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entretramites.com\/en\/wp-json\/wp\/v2\/media\/52808"}],"wp:attachment":[{"href":"https:\/\/entretramites.com\/en\/wp-json\/wp\/v2\/media?parent=52807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entretramites.com\/en\/wp-json\/wp\/v2\/categories?post=52807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entretramites.com\/en\/wp-json\/wp\/v2\/tags?post=52807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}