Crypto Taxes in Spain: The Complete Guide
How cryptocurrency is taxed in Spain: capital gains brackets, reporting, and what you must declare.
How crypto is taxed in Spain
In Spain, crypto gains are taxed as capital gains, with rates from 19% to 28% depending on the amount.
Crypto held is not taxed, but selling or trading triggers a taxable event.
What you must declare
You must report crypto gains in your annual tax return (Modelo 100).
Spanish residents must also declare crypto holdings held abroad using the Modelo 721 form.
Tips to stay compliant
Keep detailed records of all transactions, including the acquisition and sale prices.
Remember that crypto-to-crypto trades are also taxable events.
FAQ
What is the crypto tax rate in Spain?
Capital gains are taxed from 19% to 28%, depending on the amount.
Do I pay tax on crypto-to-crypto trades?
Yes, each trade is a taxable event in Spain.
What is Modelo 721?
A form declaring crypto held on foreign platforms, required for holdings above a threshold.