Blog about Cryptocurrency Taxes
News about Tax On Cryptocurrency
Form 721: New Informative Declaration for Cryptocurrencies
Form 721: Informative declaration of cryptocurrencies abroad. For this tax year 2024, the Tax Agency (AEAT) has implemented a new information declaration about possessing digital currencies or cryptocurrencies [...]
ETL ILIA invited as an expert tax advisor in cryptocurrencies on Plaza Radio
Xavier Vilalta, Director of the Tax Department at ETL ILIA, was interviewed by Rafa Lupión on his radio program Se van, an enteral for Plaza Radio, about the current [...]
Cryptocurrencies: the bases of the MiCA Law have been approved in Europe
If you have bitcoins or other types of cryptocurrencies, you must know the applicable regulations and the taxation that affects them. In early October, the European Council approved [...]
News about Form 721
Do you have cryptocurrencies abroad? Do you know what tax forms you must declare? If you want to invest in cryptocurrencies, you should know Form 721 and the [...]
Form 721, first details
Yesterday, June 29, 2022, the Draft Order approving form 721, "Information statement on cryptocurrencies located abroad," was published. The link is provided along with this article and begins to [...]
How to invest in cryptocurrencies: Binance, Coinbase, Bitpanda, Kraken and KuCoin
Did you know that, according to Fintonic, the volume of people who made a transaction in cryptocurrencies multiplied by 11 when comparing the first quarter of 2022 with [...]
Frequently Asked Questions About Declaring Binance Cryptocurrencies
Binance is the world's largest and most widely recognised cryptocurrency exchange platform. It is an ideal place to start venturing into the crypto world, even for beginners. Both [...]
How To Declare Cryptocurrencies In 2022
Do you know that if you invested in cryptocurrencies in 2021, you must include them in the Income Statement? This article tells you in what cases you must [...]
Cryptocurrency taxation: what crypto activities can generate profits?
Cryptocurrencies are gaining more and more notoriety in Spain. So much so that they have begun to be regulated, and people who make profits from their operations with [...]
Terra (LUNA) and bearish “crypto” market, how do I face the payment of personal income tax?
Due to the bearish situation in the “crypto” world in recent weeks, and mainly due to the Terra (LUNA) case, many clients have problems being able to afford [...]
Do you know the risks of investing in cryptocurrencies?
More and more people decide to invest in crypto assets such as cryptocurrencies (Bitcoin, Ethereum, etc.), but many of these people are unaware of the risks. In fact, [...]
EU’s new MiCA regulation and cryptocurrencies
The regulation of cryptocurrencies continues to advance in the European Union. A few days ago, the European Parliament took another step by approving the proposal for the MiCA [...]
If Do Not Include Your Cryptos On Your Income Tax Return, You Can Face A Fine
The deadline for submitting the Income Tax Return is to begin (April 6). Many taxpayers are still unaware that not including earnings from cryptocurrencies can impost a high [...]
The great success of the first introductory talk to Blockchain for clients of the office
[eh_optimize_youtube_embed video="https://www.youtube.com/watch?v=x2bKn4mW5ow" banner="https://etl-ilia.es/wp-content/uploads/2022/03/Introducción-Blockchain-ILIA-Consulting.jpg" width="800" height="533" "alternate_text="Introducción Blockchain | ETL ILIA"] [eh_optimize_youtube_embed video="https://www.youtube.com/watch?v=x2bKn4mW5ow" banner="https://etl-ilia.es/wp-content/uploads/2022/03/Introducción-Blockchain-ILIA-Consulting.jpg" width="300" height="200" "alternate_text="Introducción Blockchain | ETL ILIA"] [...]
ETL ILIA carries out the first incorporation of companies with NFTs
ETL ILIA is a pioneering and leading firm in advice on crypto-assets, committed to offering a comprehensive service in tax and legal advice every day. [...]
ETL ILIA’s introductory talk on & the Crypto Mastery Summit was a great success
[eh_optimize_youtube_embed video="https://www.youtube.com/watch?v=Jz5RHwjsm_Q" banner="https://etl-ilia.es/wp-content/uploads/2022/02/Tributación-de-criptomonedas-Ilia-Consulting-Trading-Crypto-Summit-Mastery.jpg" width="800" height="533" "alternate_text="Tributación de criptomonedas - Trading & Crypto Summit Mastery | ETL ILIA"] [eh_optimize_youtube_embed video="https://www.youtube.com/watch?v=Jz5RHwjsm_Q" banner="https://etl-ilia.es/wp-content/uploads/2022/02/Tributación-de-criptomonedas-Ilia-Consulting-Trading-Crypto-Summit-Mastery.jpg" width="300" height="200" "alternate_text="Tributación de [...]
How are collections and payments with cryptocurrencies taxed?
The use of cryptocurrencies is increasingly widespread among companies. In previous articles, we commented that there are three ways to use cryptocurrencies currently: as a means of payment, [...]
ETL ILIA solves doubts about Form 721 or declaration of cryptocurrencies abroad
[eh_optimize_youtube_embed video="https://www.youtube.com/watch?v=PuKcKBWAk_Q" banner="https://etl-ilia.es/wp-content/uploads/2022/01/Entrevista-Modelo-721-_-ILIA-Consulting-3.jpg" width="800" height="533" "alternate_text="Video interview about Form 721 with Xavier Vilalta from ETL ILIA"] 👉🏻 The interview starts at minute 5:22 and lasts about 10 minutes [...]
NFT and Intellectual Property
Everydays – The First 5000 Days, by Mike Winkelmann (Beeple) - nytimes.com, Fair use Non-fungible tokens (NFTs) have generated a lot of hype in recent years, not [...]
Cryptocurrencies and Form 720 Spain – 2021 Update
We are very close to the beginning of the year 2022, and it is important to remember that, if you have assets and rights abroad and meet the [...]
How To Use CoinTracking
In July 2021, the Tax Fraud Prevention Law or anti-fraud law was approved in Spain, which increased the Treasury's vigilance concerning cryptocurrencies and other crypto assets. According to a [...]
How are cryptocurrencies accounted for?
Although currently, only 10% of Spaniards have cryptocurrencies, 38% consider that cryptocurrencies are the future of payments on the internet, and 37% are the future of investments, according [...]
How Are Referrals and Airdrops Taxed? And The Swaps or The Sale Of Cryptocurrencies In Exchange For Euros?
Suppose you have received cryptocurrencies for referring to a platform or carrying out a specific commercial action to promote it. In that case, you should know that obtaining [...]
How Is Cryptocurrency Taxed in Spain – 2021 Update
The cryptocurrency market is quite volatile and changeable, and banks constantly warn about the risk of investing in cryptocurrencies. Still, digital currencies are often seen as a form [...]
Taxation NFTs – Cryptocurrencies
For a long time, gold or silver has been valued (and currently, it is valued too) above other metals that can be just as valuable. Why do they [...]