Since January 1, 2024, in Spain, the declaration of cryptocurrencies has been required in the Income Tax return for the 2023 tax year, whether for individuals, entities, or permanent establishments. Although very little time has passed, the use of cryptocurrencies has grown exponentially, almost as much as the interest of countries in taxing them, as this will increase national revenues. As a result, authorities are expanding control to prevent tax evasion and fraud.
For this reason, taxpayers are required not only to submit purely informational declarations (Forms 172, 173, 721) but also to file the Income Tax return.
It is essential to stay updated on new legislative and tax changes; in fact, since the beginning of 2025, new regulations have already been introduced.
Currently, regarding tax rates, depending on the taxable base, they are as follows:
- Less than €6,000 = 19% Personal Income Tax (PIT)
- Between €6,000 and €50,000 = 21% PIT
- Between €50,000 and €200,000 = 23% PIT
- Over €200,000 = 26% PIT