{"id":11156,"date":"2021-05-17T13:57:44","date_gmt":"2021-05-17T11:57:44","guid":{"rendered":"https:\/\/etl-ilia.es\/crypto-taxes-in-spain\/ebook-tributacion-de-criptomonedas\/"},"modified":"2023-01-24T10:26:23","modified_gmt":"2023-01-24T09:26:23","slug":"ebook-tax-on-cryptocurrencies","status":"publish","type":"page","link":"https:\/\/etl-ilia.es\/en\/crypto-taxes-in-spain\/ebook-tax-on-cryptocurrencies\/","title":{"rendered":"eBook Tax On Cryptocurrencies"},"content":{"rendered":"<p><div class=\"fusion-bg-parallax\" data-bg-align=\"right center\" data-direction=\"up\" data-mute=\"false\" data-opacity=\"100\" data-velocity=\"-0.3\" data-mobile-enabled=\"true\" data-break_parents=\"0\" data-bg-image=\"https:\/\/etl-ilia.es\/wp-content\/uploads\/2020\/01\/ilia-consulting-oficinas37.jpg\" data-bg-repeat=\"false\" data-bg-color=\"#666666\" data-blend-mode=\"multiply\" ><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container fusion-parallax-up nonhundred-percent-fullwidth non-hundred-percent-height-scrolling lazyload\" style=\"--awb-background-position:right center;--awb-background-blend-mode:multiply;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:80px;--awb-padding-bottom:80px;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-background-color:#666666;--awb-background-size:cover;--awb-flex-wrap:wrap;\" data-bg=\"https:\/\/etl-ilia.es\/wp-content\/uploads\/2020\/01\/ilia-consulting-oficinas37.jpg\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_3_5 3_5 fusion-flex-column fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:60%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.2%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:3.2%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInLeft\" data-animationDuration=\"0.6\" data-animationOffset=\"top-mid-of-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#ffffff;--awb-margin-bottom:40px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:40px;--awb-margin-left-small:0px;--awb-font-size:26px;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:26;line-height:1.4;\">eBook Tax On Cryptocurrencies<\/h1><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-bottom:30px;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"--awb-height:20px;--awb-amount:20px;border-color:#e0dede;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#ffffff;--awb-margin-bottom:30px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:30px;--awb-margin-left-small:0px;--awb-font-size:20px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:20;--minFontSize:20;line-height:1.3;\"><p>Download the eBook Tax On Cryptocurrencies.<br \/>\nFind out about taxes related to cryptocurrencies.<\/p><\/h2><\/div><ul style=\"--awb-size:16px;--awb-textcolor:#ffffff;--awb-line-height:27.2px;--awb-icon-width:27.2px;--awb-icon-height:27.2px;--awb-icon-margin:11.2px;--awb-content-margin:38.4px;\" class=\"fusion-checklist fusion-checklist-1 fusion-checklist-default type-icons white\"><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p class=\"p1\">Use of cryptocurrencies by a trader.<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p class=\"p1\">Use for cryptocurrency mining.<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p class=\"p1\">Taxation of cryptocurrencies in the case of brokers.<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p class=\"p1\">Prevention and Fight Against Fraud Measures.<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">Wealth Tax.<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">Personal Income Tax.<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>Form 720.<\/p>\n<\/div><\/li><\/ul><div class=\"fusion-separator fusion-no-large-visibility fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:40px;width:100%;\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_2_5 2_5 fusion-flex-column fusion-animated newsletter\" style=\"--awb-padding-top:0px;--awb-padding-right:0px;--awb-padding-bottom:0px;--awb-padding-left:0px;--awb-overflow:hidden;--awb-bg-color:rgba(255,255,255,0.9);--awb-bg-color-hover:rgba(255,255,255,0.9);--awb-bg-size:cover;--awb-box-shadow:0px 0px 19px 0px #212121;;--awb-border-radius:10px 10px 10px 10px;--awb-width-large:40%;--awb-margin-top-large:0px;--awb-spacing-right-large:4.8%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:4.8%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInRight\" data-animationDuration=\"0.3\" data-animationOffset=\"top-mid-of-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-menu-anchor anchor\" id=\"descargar-ebook\"><\/div><script data-b24-form=\"inline\/96\/0vqjlm\" data-skip-moving=\"true\">\n        (function(w,d,u){\n                var s=d.createElement('script');s.async=true;s.src=u+'?'+(Date.now()\/180000|0);\n                var h=d.getElementsByTagName('script')[0];h.parentNode.insertBefore(s,h);\n        })(window,document,'https:\/\/cdn.bitrix24.es\/b16501187\/crm\/form\/loader_96.js');\n<\/script><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-margin-top:50px;--awb-margin-bottom:50px;--awb-flex-wrap:wrap;\" id=\"modelo720\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_3_5 3_5 fusion-flex-column fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:60%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.2%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:3.2%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInLeft\" data-animationDuration=\"0.4\" data-animationOffset=\"top-mid-of-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-margin-bottom:30px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:30px;--awb-margin-left-small:0px;--awb-font-size:28px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:28;line-height:1.3;\">Do not hesitate and download our eBook on Tax On Cryptocurrencies.<\/h2><\/div><div class=\"fusion-title title fusion-title-4 fusion-sep-none fusion-title-text fusion-title-size-five\" style=\"--awb-margin-bottom:30px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:30px;--awb-margin-left-small:0px;--awb-font-size:20px;\"><h5 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:20;--minFontSize:20;line-height:1.5;\">In this eBook, you will find relevant information about the Taxation On Cryptocurrencies:<\/h5><\/div><ul style=\"--awb-size:16px;--awb-iconcolor:#169e8c;--awb-line-height:27.2px;--awb-icon-width:27.2px;--awb-icon-height:27.2px;--awb-icon-margin:11.2px;--awb-content-margin:38.4px;\" class=\"fusion-checklist fusion-checklist-2 fusion-checklist-default type-icons\"><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-angle-right fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">What are cryptocurrencies?<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-angle-right fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">Tax on cryptocurrencies in Spain.<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-angle-right fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">Frequently asked questions about cryptocurrencies.<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-angle-right fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>Conclusions.<\/p>\n<\/div><\/li><\/ul><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:10px;margin-bottom:20px;width:100%;\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_2_5 2_5 fusion-flex-column fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:40%;--awb-margin-top-large:0px;--awb-spacing-right-large:4.8%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:4.8%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInRight\" data-animationDuration=\"0.4\" data-animationOffset=\"top-mid-of-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-max-width:250px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\"><img decoding=\"async\" width=\"400\" height=\"527\" alt=\"eBook Constituci\u00f3n de empresas | ETL ILIA\" title=\"eBook Tax on Cryptocurrencies | ETL ILIA\" src=\"https:\/\/etl-ilia.es\/wp-content\/uploads\/2023\/01\/eBook-Tax-on-Cryptocurrency-cover.jpeg\" data-orig-src=\"https:\/\/etl-ilia.es\/wp-content\/uploads\/2023\/01\/eBook-Tax-on-Cryptocurrency-cover.jpeg\" class=\"lazyload img-responsive wp-image-15290\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27400%27%20height%3D%27527%27%20viewBox%3D%270%200%20400%20527%27%3E%3Crect%20width%3D%27400%27%20height%3D%27527%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/etl-ilia.es\/wp-content\/uploads\/2023\/01\/eBook-Tax-on-Cryptocurrency-cover-200x264.jpeg 200w, https:\/\/etl-ilia.es\/wp-content\/uploads\/2023\/01\/eBook-Tax-on-Cryptocurrency-cover.jpeg 400w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 800px) 100vw, (max-width: 640px) 100vw, 400px\" \/><\/span><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:20px;width:100%;\"><\/div><div class=\"fusion-text fusion-text-1\"><p style=\"text-align: center;\"><strong><a href=\"#descargar-ebook\">Download this eBook<\/a> and discover<br \/>\ncryptocurrency-related taxes.<\/strong><\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-bg-parallax\" data-bg-align=\"center center\" data-direction=\"up\" data-mute=\"false\" data-opacity=\"100\" data-velocity=\"-0.3\" data-mobile-enabled=\"true\" data-break_parents=\"0\" data-bg-image=\"https:\/\/etl-ilia.es\/wp-content\/uploads\/2019\/12\/modelo-720-background-ilia-consultoria.jpg\" data-bg-repeat=\"false\" data-bg-color=\"#555555\" data-blend-mode=\"multiply\" ><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container fusion-parallax-up nonhundred-percent-fullwidth non-hundred-percent-height-scrolling lazyload\" style=\"--awb-background-blend-mode:multiply;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:60px;--awb-padding-bottom:40px;--awb-background-color:#555555;--awb-background-size:cover;--awb-flex-wrap:wrap;\" data-bg=\"https:\/\/etl-ilia.es\/wp-content\/uploads\/2019\/12\/modelo-720-background-ilia-consultoria.jpg\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_6 1_6 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:16.666666666667%;--awb-margin-top-large:0px;--awb-spacing-right-large:11.52%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:11.52%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_2_3 2_3 fusion-flex-column fusion-animated\" style=\"--awb-padding-top:0px;--awb-padding-bottom:0px;--awb-bg-blend:overlay;--awb-bg-size:cover;--awb-width-large:66.666666666667%;--awb-margin-top-large:0px;--awb-spacing-right-large:2.88%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:2.88%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInDown\" data-animationDuration=\"0.5\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-5 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#ffffff;--awb-margin-bottom:20px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:20px;--awb-margin-left-small:0px;--awb-font-size:30px;\"><h2 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:30;line-height:1.3;\">Cryptocurrency Taxation Specialists<\/h2><\/div><div class=\"fusion-separator\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:10px;margin-bottom:30px;width:100%;max-width:70px;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"--awb-height:20px;--awb-amount:20px;border-color:#e0dede;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-2 white\"><p style=\"text-align: center;\">Explain your situation to us, and we will advise you on both a fiscal and legal level. This first consultation does not imply any commitment on your part. Meet us and tell us about your case, we are sure we can help you.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_6 1_6 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:16.666666666667%;--awb-margin-top-large:0px;--awb-spacing-right-large:11.52%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:11.52%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:10px;--awb-padding-bottom:10px;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" id=\"toc\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1200px + 0px );margin-left: calc(-0px \/ 2 );margin-right: calc(-0px \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-bg-size:cover;--awb-border-color:#5c5c5c;--awb-border-top:0px;--awb-border-right:0px;--awb-border-bottom:0px;--awb-border-left:0px;--awb-border-style:solid;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-spacing-right-small:0px;--awb-spacing-left-small:0px;\" data-animationType=\"fadeInUp\" data-animationDuration=\"0.5\" data-animationOffset=\"top-mid-of-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"accordian fusion-accordian\" style=\"--awb-border-size:1px;--awb-icon-size:13px;--awb-content-font-size:16px;--awb-icon-alignment:right;--awb-hover-color:#f9f9f9;--awb-border-color:#5c5c5c;--awb-background-color:#ffffff;--awb-divider-color:#e0dede;--awb-divider-hover-color:#e0dede;--awb-icon-color:#ffffff;--awb-title-color:#169e8c;--awb-content-color:#666666;--awb-icon-box-color:#333333;--awb-toggle-hover-accent-color:#5c5c5c;--awb-title-font-family:&quot;Lora&quot;;--awb-title-font-weight:400;--awb-title-font-style:normal;--awb-content-font-family:&quot;Oxygen&quot;;--awb-content-font-style:normal;--awb-content-font-weight:400;\" id=\"toc-toggle\"><div class=\"panel-group fusion-toggle-icon-right fusion-toggle-icon-boxed\" id=\"accordion-11156-1\"><div class=\"fusion-panel panel-default toc panel-f7189f7f324faf9e4 fusion-toggle-no-divider fusion-toggle-boxed-mode\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_f7189f7f324faf9e4\"><a class=\"active\" aria-expanded=\"true\" aria-controls=\"f7189f7f324faf9e4\" role=\"button\" data-toggle=\"collapse\" data-target=\"#f7189f7f324faf9e4\" href=\"#f7189f7f324faf9e4\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Tax On Cryptocurrency<\/span><\/a><\/h4><\/div><div id=\"f7189f7f324faf9e4\" class=\"panel-collapse collapse in\" aria-labelledby=\"toggle_f7189f7f324faf9e4\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<ul>\n<li><a href=\"#que-son-las-criptomonedas\">1. What are cryptocurrencies?<\/a>\n<ul>\n<li><a href=\"#valor-criptomonedas\">1.1. The value of cryptocurrencies<\/a><\/li>\n<li><a href=\"#caracteristicas-criptomonedas\">1.2. Characteristics of cryptocurrencies<\/a><\/li>\n<li><a href=\"#usos-criptomonedas\">1.3. Uses of cryptocurrencies<\/a><\/li>\n<li><a href=\"#como-equiparan-criptomonedas\">1.4. How cryptocurrencies are classified<\/a><\/li>\n<li><a href=\"#tipos-criptomonedas\">1.5. Types of cryptocurrencies<\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"#tributacion-criptomonedas-espa\u00f1a\">2. Taxation of cryptocurrencies in Spain<\/a>\n<ul>\n<li><a href=\"#uso-criptomonedas-trader\">2.1. Use of cryptocurrencies by a trader<\/a><\/li>\n<li><a href=\"#uso-mineria-criptomonedas\">2.2. Use for cryptocurrency mining<\/a><\/li>\n<li><a href=\"#tributacion-criptomonedas-brokers\">2.3. Taxation of cryptocurrencies in the case of brokers<\/a><\/li>\n<li><a href=\"#prevecion-lucha-fraude\">2.4. Measures to prevent and combat tax fraud<\/a><\/li>\n<li><a href=\"#impuesto-patrimonio\">2.5. Capital Gains Tax<\/a><\/li>\n<li><a href=\"#irpf\">2.6. Personal Income Tax (IRPF)<\/a><\/li>\n<li><a href=\"#modelo-720\">2.7. Form 720<\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"#preguntas-frecuentes-criptos\">3. Frequently asked questions on cryptocurrencies<\/a><\/li>\n<li><a href=\"#conclusiones\">4. Conclusions<\/a><\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-6 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling post-toc\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-margin-top:20px;--awb-margin-bottom:10px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1200px + 0px );margin-left: calc(-0px \/ 2 );margin-right: calc(-0px \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_1 1_1 fusion-flex-column small-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-spacing-right-small:0px;--awb-spacing-left-small:0px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-3 contenido-texto\"><p><span data-preserver-spaces=\"true\">Are you one of those who have heard of <\/span><strong><span data-preserver-spaces=\"true\">cryptocurrencies<\/span><\/strong><span data-preserver-spaces=\"true\"> but are not sure what they are or what benefits they can offer you? <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">More and more financial experts consider that these virtual stocks are the future of investment. So you must familiarise yourself in detail with what they are, how they are taxed and the possible ways of investing with them. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Does it sound complicated? Don&#8217;t worry: in the following pages, we&#8217;re going to give you all the information you need to <\/span><strong><span data-preserver-spaces=\"true\">handle cryptocurrencies successfully<\/span><\/strong><span data-preserver-spaces=\"true\"> without running into any problems with the authorities over the income generated. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Getting into the world of cryptocurrencies has never been so easy!<\/span><\/p>\n<h2 data-fontsize=\"27\" data-lineheight=\"40\">1. What are cryptocurrencies?<\/h2>\n<p><span data-preserver-spaces=\"true\">Cryptocurrencies are <\/span><strong><span data-preserver-spaces=\"true\">digital means of exchange<\/span><\/strong><span data-preserver-spaces=\"true\">. In other words, they are not physical money that you can carry in your wallet to pay for things; to use them, you have to turn to virtual channels. Another feature of these virtual currencies is that they are <\/span><strong><span data-preserver-spaces=\"true\">decentralised<\/span><\/strong><span data-preserver-spaces=\"true\">. What does this mean? Essentially, that any bank, company or service do not control them. They are, therefore, completely independent of a country&#8217;s economy.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It is also worth stressing that these currencies use <\/span><strong><span data-preserver-spaces=\"true\">cryptographic methods to secure the financial transactions<\/span><\/strong><span data-preserver-spaces=\"true\"> conducted with them, even the simplest transfers. In addition, the creation of new units is controlled to make sure they cannot be copied. So they have major <\/span><strong><span data-preserver-spaces=\"true\">security requirements<\/span><\/strong><span data-preserver-spaces=\"true\">: more than some national currencies!<\/span><\/p>\n<p><strong>1.1. The value of cryptocurrencies<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Are you wondering <\/span><strong><span data-preserver-spaces=\"true\">what a cryptocurrency is worth<\/span><\/strong><span data-preserver-spaces=\"true\">? The fact is that this is an impossible question to resolve because there is no single answer. The value of these assets is inherently variable, and they are currently subject to speculation processes similar to those of the stock market.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In other words, more and more people are creating service portfolios to <\/span><strong><span data-preserver-spaces=\"true\">buy cryptocurrencies and then sell them<\/span><\/strong><span data-preserver-spaces=\"true\">. They thereby obtain income, and all these purchase and sale operations determine the actual value of each cryptocurrency. So if you are going to operate with them, it&#8217;s crucial to find out their current price.<\/span><\/p>\n<div id=\"caracteristicas-criptomonedas\" class=\"anchor\"><\/div>\n<p><strong>1.2. Characteristics of cryptocurrencies<br \/>\n<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">They are a <\/span><strong><span data-preserver-spaces=\"true\">fast<\/span><\/strong><span data-preserver-spaces=\"true\"> form of payment, as there are even applications and prepayment cards that enable you to carry out the transaction with just a few clicks.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">They reduce the <\/span><strong><span data-preserver-spaces=\"true\">cost of transactions<\/span><\/strong><span data-preserver-spaces=\"true\">, which represents a saving for users. This is because an open-source code is used to carry them out, so no intermediary is required.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">They are controlled through a <\/span><strong><span data-preserver-spaces=\"true\">blockchain<\/span><\/strong><span data-preserver-spaces=\"true\">, which makes it possible to keep a record without involving any third parties. This technology has therefore become an essential element for cryptocurrencies to work. We must remember that these are public records, of which there may be millions of copies. So to falsify a value of one of these currencies, you would have to change the records of all the computers on which they are stored, which is impossible since it is an entirely open, public database.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">They facilitate <\/span><strong><span data-preserver-spaces=\"true\">international transactions<\/span><\/strong><span data-preserver-spaces=\"true\"> since payments can be made with the same virtual currency from anywhere in the world.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Holders of these virtual currencies have a digital signature that allows them to manage their holdings on the web with complete <\/span><strong><span data-preserver-spaces=\"true\">security guarantees<\/span><\/strong><span data-preserver-spaces=\"true\">.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">They are not subject to <\/span><strong><span data-preserver-spaces=\"true\">inflation<\/span><\/strong><span data-preserver-spaces=\"true\">, although their value may vary at any moment owing to fluctuations in supply and demand. This is because a maximum supply cap is set on the amount of currency issued.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">They are characterised by their <\/span><strong><span data-preserver-spaces=\"true\">transparency<\/span><\/strong><span data-preserver-spaces=\"true\">, thanks to the fact that blockchain technology makes it possible to keep a complete record of all transactions.<\/span><\/li>\n<\/ul>\n<div id=\"usos-criptomonedas\" class=\"anchor\"><\/div>\n<p><strong>1.3. Uses of cryptocurrencies<br \/>\n<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">We have already said that these currencies are an effective payment method because of their security and speed in all kinds of transactions. In any case, it must be emphasised that cryptocurrencies are increasingly used as an <\/span><strong><span data-preserver-spaces=\"true\">investment method<\/span><\/strong><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">There are various ways of investing these assets and achieving a financial benefit, from <\/span><strong><span data-preserver-spaces=\"true\">trading<\/span><\/strong><span data-preserver-spaces=\"true\"> to cryptocurrency mining. To make the right choice that will enable you to earn cryptocurrencies, an indispensable requirement is that you should be very familiar with the virtual currencies you are going to opt for and the various ways of exploiting them.<\/span><\/p>\n<div id=\"como-equiparan-criptomonedas\" class=\"anchor\"><\/div>\n<p><strong>1.4. How cryptocurrencies are classified<br \/>\n<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Given their relative novelty in the market, there is still a great deal of controversy surrounding the <\/span><strong><span data-preserver-spaces=\"true\">legal classification of cryptocurrencies<\/span><\/strong><span data-preserver-spaces=\"true\">. They are considered a means of payment or taxation, and this has a series of tax consequences. The experts highlight the following points in this respect:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">f they are equated with <\/span><strong><span data-preserver-spaces=\"true\">financial swaps<\/span><\/strong><span data-preserver-spaces=\"true\">, their taxable value will be the market value of the goods or services received.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">If these virtual currencies are equated with foreign exchange, their tax contribution base will be the euro equivalent of the cryptocurrencies paid.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">If cryptocurrencies are regarded as <\/span><strong><span data-preserver-spaces=\"true\">goods<\/span><\/strong><span data-preserver-spaces=\"true\">, their delivery will always be subject to IVA (VAT).<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Finally, if they are taken as a <\/span><strong><span data-preserver-spaces=\"true\">foreign currency<\/span><\/strong><span data-preserver-spaces=\"true\">, it will be regarded as an operation not subject to IVA.<\/span><\/li>\n<\/ul>\n<div id=\"tipos-criptomonedas\" class=\"anchor\"><\/div>\n<p><strong>1.5. Types of cryptocurrencies<br \/>\n<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">The first currency of this kind to be created was <\/span><strong><span data-preserver-spaces=\"true\">the famous Bitcoin<\/span><\/strong><span data-preserver-spaces=\"true\">, which is still fully effective in the cryptocurrency market. In 2009 an article was published by its creator, known by the pseudonym Satoshi Nakamoto, in which he described it as a PSP payment system. Subsequently, his first software created to manage the bitcoin network was described.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Ethereum<\/span><\/strong><span data-preserver-spaces=\"true\">, on the other<\/span> <span data-preserver-spaces=\"true\">hand, is an operating system created to complement Bitcoin. Its uses extend beyond the financial sphere; it was designed to be able to be applied to creating apps for personalised crowdfunding, for example. Its corresponding cryptocurrency is called <\/span><strong><span data-preserver-spaces=\"true\">ether<\/span><\/strong><span data-preserver-spaces=\"true\">, and you can also make payments and carry out safe operations with it in your everyday life.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Litecoin<\/span><\/strong><span data-preserver-spaces=\"true\"> is another currency of this kind, created to make instantaneous and practically cost-free international payments. It is notable for being very simple to operate and needing a very short confirmation time for transactions, so it&#8217;s an ideal option if you need to move small amounts of money quickly.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Finally, it is worth highlighting <\/span><strong><span data-preserver-spaces=\"true\">Dash<\/span><\/strong><span data-preserver-spaces=\"true\">, a cryptocurrency designed solely to enable you to go shopping so that it could be regarded as an alternative to the popular PayPal system. Its transactions are speedy, and for this reason, it is increasingly used in a range of commercial contexts.<\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-4 contenido-texto\"><div id=\"tributacion-criptomonedas-espa\u00f1a\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"27\" data-lineheight=\"40\">2. Taxation of cryptocurrencies in Spain<\/h2>\n<p><span data-preserver-spaces=\"true\">One of the <\/span><strong><span data-preserver-spaces=\"true\">cryptocurrency market&#8217;s significant challenges is explaining<\/span><\/strong><span data-preserver-spaces=\"true\"> how they are taxed in Spain, especially bearing in mind that these stocks are not widely used in that country, either when making investments or using them as a payment system. If you have a portfolio of cryptocurrencies, you need to know that <\/span><strong><span data-preserver-spaces=\"true\">their taxation system is different<\/span><\/strong><span data-preserver-spaces=\"true\"> depending on what use you will put them to. We shall therefore examine each case separately.<\/span><\/p>\n<div id=\"uso-criptomonedas-trader\" class=\"anchor\"><\/div>\n<p><strong>2.1. Use of cryptocurrencies by a trader<br \/>\n<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">You can opt to <\/span><strong><span data-preserver-spaces=\"true\">invest in cryptocurrencies through a specialised trader<\/span><\/strong><span data-preserver-spaces=\"true\">. In this case, the professional will make the purchase transaction and pay for it with their own money. This operation is most commonly carried out through the Internet Exchange platform. It does not generate dividends of any kind and is therefore not subject to any taxes. Starting from this basis, various situations that affect the general taxation of cryptocurrencies can arise.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If the cryptocurrencies purchased increase in value and the trader decides to sell them, they give rise to a <\/span><strong><span data-preserver-spaces=\"true\">capital gain<\/span><\/strong><span data-preserver-spaces=\"true\"> that must be declared. It will be included in the IRPF (personal income tax) savings base, and a percentage of between 19% and 26% is applied.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">What happens if the sale of these stocks <\/span><strong><span data-preserver-spaces=\"true\">generates losses<\/span><\/strong><span data-preserver-spaces=\"true\">? In this case, they will be offset by the possible earnings in the current year, and if there are no such earnings, by those that may occur in the next four years.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Some trading platforms that work with these stocks pay <\/span><strong><span data-preserver-spaces=\"true\">interest to the buyer<\/span><\/strong><span data-preserver-spaces=\"true\">. If this happens, the amount received is considered a return on investment capital and is included in the taxable savings base, with the exact percentages mentioned above.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Another possibility to bear in mind is that the exchange may pay the trader <\/span><strong><span data-preserver-spaces=\"true\">remuneration for bringing new clients<\/span><\/strong><span data-preserver-spaces=\"true\"> to the platform. This financial amount is considered in various ways by the General Directorate of Taxes. If there is a pre-established employment relationship, the revenue received is regarded as <\/span><strong><span data-preserver-spaces=\"true\">earned income<\/span><\/strong><span data-preserver-spaces=\"true\"> for tax purposes.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If, on the other hand, there is a commercial relationship between the platform and the trader, the returns generated are regarded as being <\/span><strong><span data-preserver-spaces=\"true\">derived from economic activity<\/span><\/strong><span data-preserver-spaces=\"true\">. In this case, IVA (VAT) liability can be seen from three different perspectives:<\/span><\/p>\n<ol>\n<li><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">If the Exchange platform is based in the European Union, the taxation-at-destination rule applies. This means that if it is located in Spain, tax is paid there.<\/span><\/span><\/li>\n<li>If it is in another EU country, the recipient must charge theirself IVA (VAT).<\/li>\n<li>If the platform is based outside the countries of the European Union, the actual use-of-services rule applies. Services used in Spain will therefore be taxed there.<\/li>\n<\/ol>\n<div id=\"uso-mineria-criptomonedas\" class=\"anchor\"><\/div>\n<p><strong>2.2. Use for cryptocurrency mining<br \/>\n<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Before analysing how the <\/span><strong><span data-preserver-spaces=\"true\">benefits obtained through crypto mining<\/span><\/strong><span data-preserver-spaces=\"true\"> are taxed, we need to know what this technique involves. It is a process by which blockchain transactions are validated and processed in exchange for receiving remuneration in cryptocurrencies. In other words, these stocks are not created but discovered by people who devote themselves specifically to this activity.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The crypto mining procedure is based on the following steps, which you must keep clearly in mind to <\/span><strong><span data-preserver-spaces=\"true\">make sure that your investment is viable and provides good results<\/span><\/strong><span data-preserver-spaces=\"true\"> at all times.<\/span><\/p>\n<ol>\n<li><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">Cryptocurrency users make virtual transmissions.<\/span><\/span><\/li>\n<li>The transactions are recorded in the blockchain, which acts as a comprehensive stock ledger.<\/li>\n<li>Because they work with very powerful computers, the miners are capable of recording all these transactions and confirming them.<\/li>\n<li>The miners receive a commission in cryptocurrency in exchange for this work.<\/li>\n<\/ol>\n<p><span data-preserver-spaces=\"true\">The main possible objectives of crypto mining also need to be taken into account. The most important of these are the following:<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Obtaining stocks at the request of a third party<\/span><\/strong><span data-preserver-spaces=\"true\">. In this case, the miner will bill the amount of the coins obtained and receive their income at the same time or deferred.<br \/>\n<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Obtaining cryptocurrencies to sell them<\/span><\/strong><span data-preserver-spaces=\"true\">. In this case, there is therefore no income until the transaction takes place.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Obtaining coins as an investment<\/span><\/strong><span data-preserver-spaces=\"true\">. In this situation, the income is frozen until the stocks are sold.<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">As you can see, this activity generates income which can be more or less substantial depending on the assiduousness of the miners. Tax must be paid on these returns, keeping <\/span><strong><span data-preserver-spaces=\"true\">two crucial factors<\/span><\/strong><span data-preserver-spaces=\"true\"> in mind:<\/span><\/p>\n<ol>\n<li><span data-preserver-spaces=\"true\">The first is that on income tax returns, <\/span><strong><span data-preserver-spaces=\"true\">mining is considered an economic activity<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">. Those who conduct this activity can therefore deduct the expenses related to it.<\/span><\/span><\/li>\n<li>The second is that to be able to <strong><span data-preserver-spaces=\"true\">show that you are practising an economic activity<\/span><\/strong><span data-preserver-spaces=\"true\">, you must comply beforehand with the submission of the following documents: registration for IAE (Economic Activities Tax) and RETA (the Special Scheme for Self-Employed Workers), submission of Form 130 (income tax payments on account) and Form 190 (annual summary), registration in the Register of Intra-community Operators (ROI) and submission of Form 347 (information return on transactions with third parties).<\/span><\/li>\n<\/ol>\n<div id=\"tributacion-criptomonedas-brokers\" class=\"anchor\"><\/div>\n<p><strong>2.3. Taxation of cryptocurrencies in the case of brokers<br \/>\n<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">If you turn to a broker to make cryptocurrency investments on your behalf, you must bear in mind that the <\/span><strong><span data-preserver-spaces=\"true\">tax arrangements, in this case, are different<\/span><\/strong><span data-preserver-spaces=\"true\"> from the previous examples. This professional receives your money and invests it in the best cryptocurrency stocks so that you obtain benefits. And in return for this work, they receive a commission.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It must be said that <\/span><strong><span data-preserver-spaces=\"true\">there are no specific regulations<\/span><\/strong><span data-preserver-spaces=\"true\"> to be applied in this situation, but if you opt to work like this with this type of stock, you must take the following factors into account:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">It is an economic activity. You must therefore <\/span><strong><span data-preserver-spaces=\"true\">declare the income<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\"> you obtain as a result of these investments as earnings from economic activities for income tax.<\/span><\/span><\/li>\n<li><span data-preserver-spaces=\"true\">As regards IVA (VAT), it must be emphasised that the exemption for <\/span><strong><span data-preserver-spaces=\"true\">financial service intermediaries<\/span><\/strong><span data-preserver-spaces=\"true\"> applies, provided that the requirements established by the General Directorate of Taxes are complied with: the intermediary must recruit clients actively, must put investors in touch with the service provider for the signing of contracts, and may negotiate and provide advice on the investor&#8217;s behalf.<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">In addition, it must be pointed out that to work as a broker, the following <\/span><strong><span data-preserver-spaces=\"true\">administrative requirements<\/span><\/strong><span data-preserver-spaces=\"true\"> need to be complied with beforehand: IAE registration, RETA registration, submission of IRPF Forms 130 and 190, ROI registration, submission of Form 147, and IVA Forms 303 and 390.<\/span><\/p>\n<p><strong>2.4. Measures to prevent and combat tax fraud<br \/>\n<\/strong><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Cryptocurrencies are currently regulated<\/span><\/strong><span data-preserver-spaces=\"true\"> by the measures to combat fraud established in a bill that includes numerous provisions.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">One of these is the <\/span><strong><span data-preserver-spaces=\"true\">obligation for people and organisations resident in Spain<\/span><\/strong><span data-preserver-spaces=\"true\"> and those permanently established abroad that maintain and transfer virtual currencies regularly to <\/span><strong><span data-preserver-spaces=\"true\">provide information<\/span><\/strong><span data-preserver-spaces=\"true\">. Specific details of the balances of each virtual currency must be given, identifying the holders, authorised users or beneficiaries of these stocks.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Moreover, exchange platforms and sites engaged in buying and selling cryptocurrencies resident in Spain or permanently established abroad must provide <\/span><strong><span data-preserver-spaces=\"true\">full information on the transactions carried out<\/span><\/strong><span data-preserver-spaces=\"true\">, whether these are purchases, transfers or swaps of virtual currencies. In addition, they must provide a list of names of all the individuals involved in these transactions, including their tax identifiers, the number of virtual currencies owned, the price of these currencies and the date on which the purchase transaction took place.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As well as these specific details, which determine the tax payable on earnings derived from investment in cryptocurrencies, you need to have detailed knowledge of two items that play an essential role in these procedures: the Impuesto del Patrimonio (Capital Gains Tax) and the Form 720 declaration.<\/span><\/p>\n<p><strong>2.5. Capital Gains Tax<br \/>\n<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">The Impuesto del Patrimonio (Capital Gains Tax) is a direct personal tax levied on the ownership of capital based on its net value over a certain period of time. It affects physical persons and is a <\/span><strong><span data-preserver-spaces=\"true\">supplementary tax to IRPF<\/span><\/strong><span data-preserver-spaces=\"true\"> (personal income tax). It is essential to point out that it is a state tax, but its yield is assigned to the autonomous communities. When paying tax on the ownership of cryptocurrencies, you, therefore, need to take account of the relevant specific legislation in the region where you live to make sure everything is correct.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As you have seen from our examination of taxation of cryptocurrencies, in many cases, these stocks represent an increase in your capital resources. Therefore, to act by existing legislation, you must take them into account when establishing the value of your general assets. To do so, you will have to take <\/span><strong><span data-preserver-spaces=\"true\">the value of the cryptocurrencies you own on 31 December of the financial year<\/span><\/strong><span data-preserver-spaces=\"true\"> for which you are submitting your tax return as reference information. Once this figure is known, you must find out whether you exceed the minimum for exemption established in each autonomous community. If so, you will have to pay Capital Gains Tax.<\/span><\/p>\n<div id=\"irpf\" class=\"anchor\"><\/div>\n<p><strong>2.6. Personal Income Tax (IRPF)<br \/>\n<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Have you invested in cryptocurrencies and don&#8217;t know how their yield may affect your income tax return? You need to be aware that it is <\/span><strong><span data-preserver-spaces=\"true\">taxable by simplified or normal direct evaluation<\/span><\/strong><span data-preserver-spaces=\"true\">. Therefore, you will have to comply with the obligations established in both methods, whether you have obtained these benefits through mining activity or from Exchange platforms or by buying and selling these virtual stocks.<\/span><\/p>\n<p><strong>2.7. Form 720<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">The Law on Measures to Prevent and Combat Tax Fraud aims to exercise complete control over cryptocurrencies to <\/span><strong><span data-preserver-spaces=\"true\">ensure that they are taxed in compliance with all the legal requirements<\/span><\/strong><span data-preserver-spaces=\"true\">. The existence of this law means that Exchange platforms must provide information on the balances of holders of cryptocurrencies, as well as the transactions they carry out with them.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In addition, physical persons must include the cryptocurrencies in their possession whose value exceeds \u20ac50,000 in Form 720. This form corresponds to the declaration of goods and rights located abroad. Those liable for tax payments must use it to provide the Tax Administration with the following information:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Accounts abroad that are open in institutions devoted to banking or credit trading are beneficiaries or authorised users.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Information on securities, assets, stocks or representation rights of equity capital or resources located abroad.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Information on real property located abroad and rights over it.<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">Being familiar with tax Form 720 is essential to carry out the taxation procedures for the cryptocurrencies you have invested with every assurance of success.<\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-5 contenido-texto\"><div id=\"preguntas-frecuentes-criptos\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"27\" data-lineheight=\"40\">3. Frequently asked questions on cryptocurrencies<\/h2>\n<p>After reading all this information on cryptocurrencies and how they are taxed, no doubt you still have any questions about these virtual assets. Here is a list of the most common ones to help you understand this world.<\/p>\n<p><strong><span data-preserver-spaces=\"true\">Are they backed assets?<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">The backing for these currencies is the blockchain network and its ability to provide security and transparency for transactions related to these assets. So they are not investment assets with material goods such as gold or silver behind them.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Does someone administer them?<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">The cryptocurrency network is decentralised. It is only administered by miners, professional specialists who use cryptographic algorithms to process the thousands of transactions carried out every day with these stocks.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Why do they have a variable price?<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Supply and demand for a particular cryptocurrency in the market are what sets its final value. In any case, not everything is left to chance, as only a certain amount of these assets can be issued. This means that the supply is controlled. Moreover, suppose you decide to invest in these currencies. In that case, you must bear in mind that major political, social and economic events at a global level can affect their value at a particular time.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">The fraud myth<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Ignorance leads many people to think that cryptocurrencies are a fraud since they are not coins you can physically hold in your hands. Nothing could be further from the truth: essentially, it is a potentially disruptive technology that breaks with traditional investment patterns but has historical, informational and transactional elements that can easily be checked.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Why can&#8217;t you hold a crypto coin in your hand?<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">If this is the first time you&#8217;ve come into contact with these currencies, this is bound to be one of the questions that automatically occur to you. The point is that we are speaking of digital coins with a cryptographic security system. So it makes no sense to mint physical coins to represent them, especially when cash is in widespread decline in our society.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">How can something virtual have value?<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Yes, cryptocurrencies are virtual, and it may be hard for you to understand how they can be given real value. It&#8217;s not so strange: in present-day society, we pay for online services, such as audiovisual content. If these coins are useful, it&#8217;s logical that they should also have a real value.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">What am I buying when I purchase a cryptocurrency?<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Purchasing these assets takes the form of transferring coins from one point to another, without passing through any intermediary, swiftly and without having to pay a high price for it. After buying them, you will have the necessary authorisation to use them in a network shared with other users in the same situation as you.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Are cryptocurrencies anonymous?<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Are you thinking of buying these coins but worried about the security of your personal information? In that case, you need to know that transactions with cryptocurrencies are traceable in the blockchain and enable you to keep your identity protected. Similarly, they offer you complete control of your money.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Are they a form of illicit financing?<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">This is another of the most important false rumours circulating about cryptocurrencies. We must bear in mind that although the transactions conducted with these currencies are anonymous, each user has a public key that is recorded with their data. The possibility of these funds being used for illicit activities is, therefore, tiny.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Can your cryptocurrencies be stolen?<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">One of the points that mainly concern those thinking of investing in cryptocurrencies is whether they can be stolen. In other words, whether your balance can disappear from your account once you have obtained it. Well, you do not need to worry about this happening: remember that these currencies have a cryptographic code that makes it possible to track every transaction carried out with them. Therefore, your investment results would only be in any danger if someone had access to your keys for your portfolio.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Is investing in cryptocurrencies profitable?<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">This is undoubtedly the question asked by all those thinking of trying this investment area for the first time. The fact is that these virtual coins can offer you high profitability, provided you know their value and how they work in the market. Having a broker or a person with extensive knowledge of this kind of asset will be indispensable for you to succeed in optimising your investment in these currencies. Remember that their value is inherently very volatile, so it&#8217;s very important to be able to detect the best moment to purchase a particular currency, as well as how long you should hold onto it for its value to increase enough to provide a profit without leading you to incur losses.<\/span><\/p>\n<p><strong>\u00bfEs rentable invertir en criptomonedas?<\/strong><\/p>\n<p>Sin duda, esta es la pregunta com\u00fan entre todos aquellos que piensan en probar este campo de inversi\u00f3n por primera vez. La verdad es que estas monedas virtuales pueden ofrecerte una alta rentabilidad siempre que conozcas su valor y su funcionamiento en el mercado. Contar con un <em>broker <\/em>o con una persona que tenga amplios conocimientos en este tipo de activos te resultar\u00e1 indispensable para lograr optimizar tu inversi\u00f3n en estas monedas. Recuerda que se caracterizan por tener un valor muy vol\u00e1til, por lo que es muy importante saber detectar el mejor momento para adquirir una determinada divisa, as\u00ed como saber cu\u00e1nto debes retenerla para que su valor se incremente lo suficiente para dar beneficios sin hacerte caer en p\u00e9rdidas.<\/p>\n<\/div><div class=\"fusion-text fusion-text-6 contenido-texto\"><div id=\"conclusiones\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"27\" data-lineheight=\"40\">4. Conclusions<\/h2>\n<p><span data-preserver-spaces=\"true\">Cryptocurrencies are <\/span><strong><span data-preserver-spaces=\"true\">a form of payment used increasingly often <\/span><\/strong><span data-preserver-spaces=\"true\">in all kinds of financial transactions. Still, they are also an investment option to which many physical persons and legal entities are turning to obtain financial returns. In any case, whether you decide to acquire these virtual currencies to operate or to invest, you must be aware that you need to pay tax on them correctly to avoid problems with the public authorities.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Bear in mind that these stocks are still very little known in many respects, so <\/span><strong><span data-preserver-spaces=\"true\">paying the taxes arising from the returns they provide<\/span><\/strong><span data-preserver-spaces=\"true\"> may be complicated for those unfamiliar with this sector. All the signs are that the future of investments involves knowing these virtual currencies and the advantages they can offer. If, in addition, you are capable of fulfilling all the legal requirements established for paying the corresponding taxes, you will succeed in optimising your presence in this market with financial profits that can be considerable, depending on how much you have invested.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Becoming familiar with the <\/span><strong><span data-preserver-spaces=\"true\">existing types of cryptocurrencies<\/span><\/strong><span data-preserver-spaces=\"true\">, how they can be acquired, and how to apply them to obtain financial profits is an important step for those starting in this world. If this is your situation, we recommend that you do not hesitate to take all necessary precautions to pay tax. Be sure to consult a <\/span><strong><span data-preserver-spaces=\"true\">tax expert<\/span><\/strong><span data-preserver-spaces=\"true\"> to advise you on declaring the income generated and what taxes to pay. Moreover, they will be able to make the relevant returns for you promptly and correctly.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Then you will have nothing more to worry about than enjoying the benefits these stocks have to offer you. Having the services of professional specialists will guarantee peace of mind for you when it comes to enjoying the <\/span><strong><span data-preserver-spaces=\"true\">advantages of cryptocurrencies<\/span><\/strong><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-7 contenido-texto\"><div id=\"ilia-consulting\" class=\"anchor\"><\/div>\n<h2 class=\"fusion-responsive-typography-calculated\" data-fontsize=\"27\" data-lineheight=\"40.5px\">5. ETL ILIA<\/h2>\n<p>We are a team of professionals with a decade of experience in <strong>Tax, Accounting, Legal, and Labour Consulting in Barcelona<\/strong> committed to new technologies and puts the client at the centre of our decisions. We are advisers, and we advise the client proactively, supporting us in using new processes and technologies that help our clients improve.<\/p>\n<p>Our <a href=\"https:\/\/etl-ilia.es\/en\/ilia-consulting-team\/\" target=\"_blank\" rel=\"noopener\">team<\/a> comprises more than 60 professionals, several of whom have become references within their field of activity.<\/p>\n<p><strong>We talk about tax savings, tax and tax planning, variable remuneration plans, automated accounting and, above all, strategies and methods to save costs for our clients.<\/strong><\/p>\n<p>We are part of the <a href=\"https:\/\/etl-global.com\/spain\/\" target=\"_blank\" rel=\"noopener\">ETL GLOBAL Group.<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-7 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling modals\" 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