further control about cryptocurrencies. This clearing houses and protection and surveillance of cryptocurrencies As Bitcoin has to offer annual disclosure statement from 2024 operations of its customers and their balances and any other. This measure is part of the royal decree approved by the Government with regulatory amendments to implement various amendments to Law 11/2021 of 9 July. prevention and control measures financial fraud
Among these changes, those that comply with the Regulation, new reporting obligations pertaining to the holding and transactions of virtual currencies. The goal is to “improve tax control of taxable events that may arise from the property or operation in question.” The taxpayers’ obligation to report has also been enhanced by the regulation. about virtual currencies abroad.
Initial statements regarding information obligations regarding virtual currencies must be submitted. As of January 1, 2024, one year later than originally planned. Specifically, “individuals and entities residing in Spain and permanent establishments in Spanish territory of persons or entities residing abroad that provide services to protect private cryptographic keys on behalf of third parties in order to protect, store and transfer virtual currencies”. The aforementioned statement all virtual currencies they hold in custody.
Same way, “exchange services between virtual currencies and to mediate the execution of such transactions in any way between fiduciary currency or different virtual currencies, or to provide services to protect private cryptographic keys, protect, store and transfer virtual currencies on behalf of third parties, to operations the acquisition, transmission, exchange and transfer of virtual currencies, as well as the collections and payments made in these currencies, intervene or mediate under the conditions determined by the ministry order that the relevant model is approved”.
Abroad
On the other hand, natural and legal persons, permanent establishments of persons or organizations not resident in the said region and Article 35.4 of the Law No. 58/2003 of 17 December General Taxation. For entities referred to in Article this obligation, they must submit an annual disclosure statement referring to all virtual currencies. located abroad Cryptographic keys on behalf of third parties to protect, store and transfer virtual currencies as of December 31 of each year, which they own or are the beneficiary, authorized or otherwise have the right of disposition or real owner, protected by persons or entities providing services for the protection of privacy It is an obligation similar to that established for asset holders in other countries.
The said liability also covers those who are the owner, authorized or beneficiary of the above mentioned virtual currencies or have the power to dispose of them, or the real owners and losers in any period of the year to which the statement refers. the situation as of 31 December of that year.