Tax Administration Will have access to data regarding all operations in January cryptocurrencies Thanks to the first campaign carried out in 2023, new information statementsIt requires intermediaries to provide detailed information about all transactions.
Profits from operations with cryptocurrencies They always paid personal income taxHowever, starting from this year, additional information will be needed, which the Treasury wants to provide. more comprehensive monitoring from these taxpayers.
Starting this year, the information of all users who own or transact with cryptocurrency during 2023 will be included in new information declarations that must be submitted between January 1-31, 2024. model 721It has until April.
The obligation to submit these declarations, Individuals and organizations providing brokerage servicesprotecting cryptographic keys or exchanging virtual currencies with fiat currencies or between different virtual currencies.
Income tax return models
HE model 172 collects information about Virtual currency balance as of December 31Information that includes the identity of the owner, the type of currency or the value of euro coins.
HE model 173 It will contain data on all operations carried out during 2023: type of operation (purchase, delivery, exchange or transfer), type of currency, number of currencies that are part of the operation, its value in euros, and commissions and related expenses.
In addition to these two notices, a new 721 form will need to be submitted if the taxpayer has accumulated savings at the end of the year. more than 50,000 euros in virtual currencies abroad – that is, if the protection of the cryptographic keys of this amount is located outside Spain.
These new statements provide information to the Treasury, but They do not create an additional tax burden to the existing tax: taxation in personal income tax and, where applicable, wealth tax.
Tax Office sent in the 2022 income campaign 328,000 notifications to taxpayers There were indications that they might have to declare income from virtual currencies.
capital gains Obtained from operations with cryptocurrencies taxed as savings income: 19% up to 6,000 euros, 21% between 6,000 and 50,000 euros, 23% between 50,000 and 200,000 euros, 27% between 200,000 and 300,000 euros and 28% up to 300,000 euros.