Does Spain Know About Your Crypto?

Got Crypto in Spain? here’s what Hacienda really knows — And what you need to do before it’s too late.

Let’s cut the smoke and mirrors of crypto. You may have bought some Bitcoin in 2019 or dabbled with Ethereum during the lockdown. Now you’ve got digital coins in a wallet, or two. No big deal, right? Well, Hacienda disagrees. How much do they know?

Yes — Hacienda Can See You

The Spanish tax agency has now officially Moved by the movers From curious observer full-on watchdog. New reporting models, data sharing across borders, and increased pressure on exchanges are all part of the new global environment. they’re not just tracking big fish anymore — they’re going after anyone with crypto over €50,000 abroad.

Here’s How they do it

• Modelo 172Reports the number of coins you’ve got.
• Modelo 173Tracks your cryptocurrency movements.
• Modelo 721: Required if you hold over €50,000 in crypto outside Spain.

These are already active — and failing to comply can cost you anywhere from €150 to €600,000, depending on how You can be sure that the seriousness of this is not in question. It is a crime to.

How to Crypto Taxed The Value of Assets in Spain

Cryptocurrency is not all that it’s made out to be. Is taxed Capital gains are taxed the same as any other type of gain.

You can also contact us by clicking here. Sell for profit? You pay.

You bet or I? You can also contact us by clicking here. pay.

You What if you traded one crypto for another cryptocurrency? You still pay.

Here’s The part that most people overlook: You owe taxes even if didn’t Convert into euros. Trading Bitcoins for Ethereum can be a tax-deductible event. You can get there by contacting Airdropped a penny? Taxable. You get paid in crypto? Also taxable.

This all needs to be in your Spanish Tax Return — specifically in the crypto section between boxes 1800 and 1814.

Yes, Spain follows the FIFO rule (First in, first out), which means your oldest crypto. What is considered The first to sell can result in a You can read more about it here. Tax bill higher than expected

Keep your business compliant (and sane) with these smart tips

Don’t panic. Just plan.

Spain’s rules are tight — and getting tighter — but if you stay organised, they’re manageable. Here’s What you should do:

1. Track every tradeRecord dates, amounts in euro, platforms and platforms.
2. Crypto tax softwareKoinly and CoinTracking are two tools that automate the process.
3. Working with a tax advisor who is crypto-savvyNot someone still thinking Bitcoin is a game.
4. Declare foreign holdingsCrypto The event is held abroad and worth more than €50,000, Modelo 721 The requirement to be a member of the federation is compulsory.
5. Set Money aside for TaxationCrypto gains Taxes are imposed From 19% up to 28% Don’t Get caught short

What If You Didn’t Declare Last Year?

You’re not alone — but don’t Wait for the letter The Spanish tax authorities now have more data at their disposal than ever before. The exchanges are working together. The old and the new “You can also find out more about the following: won’t Find out what you can do” The logic of the past is no longer valid.

You can make a voluntary correction if you have missed a tax declaration. You can avoid interest and penalties by filing a corrected return and paying what you owe.

It’s It is always better to do the work yourself than call someone else.g.

Crypto Final Thoughts Isn’t Hidden Anymore

Crypto was once like the Wild West. Now it’s more like downtown Madrid — full of CCTV, paperwork, and regulators. The myth is that anonymity does not exist.

Treat your crypto as you would any other investment. Be strategic, responsible, and transparent.

If you want freedom with your money, learn the rules — and use them to your advantage.

You can find out more about us by clicking here. Spanish living.