Generate Your Spain Crypto Tax
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You cannot completely avoid paying tax on crypto in Spain. However, you can legally reduce your crypto tax liability by using Agencia Tributaria-approved methods.

One commonly used strategy is tax loss harvesting, where capital losses from crypto disposals are offset against capital gains to reduce the overall tax payable. In Spain, you can offset 100% of losses against gains in the same tax year, but only 25% of net losses can be carried forward to subsequent years.

Other legitimate ways to reduce crypto tax include:

• Staying within autonomous community wealth tax thresholds
• Claiming allowable costs such as transaction and exchange fees
• Spreading disposals across different tax years
• Correctly classifying crypto as savings income or general income

In Spain, cryptocurrency is treated as a taxable asset, not as currency. The Agencia Tributaria classifies crypto under multiple tax categories:

• Savings Income Tax (Capital Gains Tax) applies when you sell, swap, gift, or spend crypto. Progressive rates from 19% to 28%
• General Income Tax applies when you receive crypto from mining, as payment for services, or business activities
• Wealth Tax applies if your total assets (including crypto) exceed autonomous community thresholds
• Inheritance and Donation Tax applies to crypto gifts and inheritances (7%-36.5%)

Crypto tax is paid through the Spanish income tax system using Modelo 100.

The payment process includes:

1. Calculating total crypto capital gains and income for the tax year
2. Reporting savings income from crypto disposals in Modelo 100
3. Reporting general income from mining/staking in Modelo 100
4. Submitting the income tax return through Renta Online or in person
5. Paying the tax owed to Agencia Tributaria via bank transfer or online payment

Crypto tax software can automate calculations and generate accurate reports ready for submission.

Crypto tax must be paid by the income tax deadline.

For the 2025 tax year:

• Tax year end: December 31, 2025
• Filing deadline: June 30, 2026
• Payment deadline: June 30, 2026 (or split payments in June and November)

Late filing or late payment may result in penalties and interest charges from Agencia Tributaria.

Yes. A crypto tax calculator automatically calculates:

• Capital gains and losses using FIFO method
• Savings income tax (19%-28%)
• General income tax from mining/staking
• Taxable events across multiple wallets and exchanges

A Spain-specific crypto tax calculator applies Agencia Tributaria FIFO rules and generates tax reports that are ready for Modelo 100 filing.

Yes. You may still owe tax even if you did not convert crypto into EUR.

Taxable events include:

• Crypto-to-crypto trades
• Spending crypto on goods or services
• Gifting crypto (subject to Inheritance and Donation Tax)

These activities can trigger Savings Income Tax under Spanish rules.

Failing to report crypto activity can result in:

• Agencia Tributaria penalties (50%-150% of unpaid tax)
• Interest on unpaid tax
• Compliance checks or investigations
• Criminal charges for serious tax fraud (over €120,000)

Agencia Tributaria actively monitors crypto transactions through exchange reporting, making accurate reporting essential.

Yes. Crypto tax software helps by:

• Tracking transactions across wallets and exchanges
• Calculating capital gains using FIFO method automatically
• Generating Agencia Tributaria-compliant tax reports
• Handling progressive tax rates (19%-28%)

It reduces manual effort, minimises errors, and ensures timely and accurate Spain crypto tax reporting.