2025 promises to be a significant year at a fiscal level in Spain, one of the European bastions in the adoption of Bitcoin (BTC) and cryptocurrencies. In this country, known for its rigorous fiscal regulation regarding the use of cryptoactives, investors who have left their holdings are obliged to declare their corresponding profits or losses.
This year, that obligation is not only maintained, but deepens, becoming a critical moment for taxpayers to report their movements with cryptocurrencies, since the Spanish government will have complete accessibility to this information.
Spain has experienced sustained growth in the adoption of cryptocurrencies, currently occupying the 25th position among the countries that most use these digital assets, according to Chainysis data. The user community is constantly expanding, which has led the authorities to intensify their tax controls.
To clarify the tax obligations of this year that weighs on those who have sold their digital assets, cryptonoticies talked with Jesús Lorente, economist and fiscal auditor specialized in cryptocurrencies, who is the executive director of the Spanish consultant Cl crypt.
3 key taxes
According to Lorente, the first thing the Spaniards who invest in Bitcoin and other cryptocurrencies have to declare, and have left their holdings, is Income Taxin this case, corresponding to the fiscal year of 2024. The declaration of this tax is scheduled for June 2025.
As the specialist sees it, taxpayers «have to try to close everything well, accumulate all their movements for 2024», so that when they have to present the rent, «it is simple.»
«It is normally complicated because we have centralized and decentralized exchanges, decentralized platforms … it is difficult to unify everything. That is why they do so as soon as possible, ”Lorente added, highlighting the complexity of managing movements between different exchange and decentralized finance platforms.
The other tax that must be declared this year in Spain to avoid problems with the Treasury It is the Patrimony Taxwhose statement is also scheduled for June 2025.
In this, «all goods are declared until the end of the year, including wallets and holdings in exchanges in Spain or abroad.» «An assessment of all heritage is made, including even NFT,» Lorente details.
Another relevance tax for this year is Model 721which must be presented in March 2025 before the Tax Agency of Spain. This is declared «depending on the balance you have in exchanges until December 31, 2024», as Lorente pointed out. «If the user has more than 50,000 euros in exchange houses that are not registered in Spain, he will have to present this model,» he warned.
More control
According to Jesús Lorente, this year greater control is expected by the tax authorities of Spain. This is because it is the first time that the government will have All information of all sales, balances and purchases made in Spanish exchanges for 2024.
“This year Hacienda will know how much each of us has sold and, if that is not declared correctly in the rent, it will be easy for us to call us and send us notifications. This is the first year in which the Treasury has 100% of the exchanges information in Spain, ”he warned.
“Therefore, the control of the Tax Agency will be total. It is also expected that there are enough requirements and notifications against users who have not declared their movements in the rent, ”he said.
Lorente emphasizes the importance of the correct statement to avoid problems: «Declare as well as possible, if they cannot find requirements, and that is in the end they are sanctions, surcharges … then it should be done well,» he said.
This recommendation coincides with the opinion of tax economist José Antonio Bravo, who advised last year deliver «all possible information» to the Spanish tax authority. This, since the lack of documentation and responses to the requirements can result in serious monetary consequences, as cryptoics reported.
According to Jesús Lorente, the control will be exhaustive, and the government He doesn’t want to miss the profits generated in the cryptocurrency industry, especially considering the upward market that is expected in this 2025.
Since April 2024, Hacienda de España has been handling information from cryptocurrency investors, issuing about 1 million notifications to users based on the statements of models 172 and 173, which must be presented by those who have accounts in exchanges centralized with fiscal headquarters in Spain and registered in the Bank of Spain.
With this panorama, 2025 is emerging as a crucial year to ensure compliance with tax obligations in the field of cryptocurrencies in Spain, where detailed knowledge of movements by the Treasury could translate into greater fiscal pressure about taxpayers who do not act with transparency.