{"id":11830,"date":"2024-12-19T15:54:44","date_gmt":"2024-12-19T14:54:44","guid":{"rendered":"https:\/\/delaguialuzon.com\/?p=11830"},"modified":"2026-06-16T16:47:41","modified_gmt":"2026-06-16T14:47:41","slug":"cryptocurrency-spain","status":"publish","type":"post","link":"https:\/\/delaguialuzon.com\/en\/blog\/cryptocurrency-spain\/","title":{"rendered":"Cryptocurrency in Spain: Opportunities and strategies for businesses"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11830\" class=\"elementor elementor-11830 elementor-11788\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4b79fce e-flex e-con-boxed e-con e-parent\" data-id=\"4b79fce\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-11f0056 elementor-widget elementor-widget-text-editor\" data-id=\"11f0056\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div style=\"background-color: #f5f5f5; padding: 24px 28px; margin: 0 0 32px 0;\"><h2 style=\"margin-top: 0;\">Cryptocurrency in Spain: what individuals and businesses must know in 2026<\/h2><ul><li><strong>Cryptocurrency in Spain<\/strong> is legal to own, trade and use in business, but it is not recognised as legal tender and carries specific tax and reporting obligations.<\/li><li>Capital gains from crypto held by individuals are taxed under IRPF at savings base rates of 19% to 28%, depending on the gain.<\/li><li>Companies must record cryptocurrency as an intangible asset and account for gains and losses under the corporate income tax framework.<\/li><li>The AEAT introduced Modelo 721 in 2023 for declaring virtual assets held on foreign platforms exceeding \u20ac50,000. This is separate from Modelo 720.<\/li><li>The EU&#8217;s MiCA Regulation (Markets in Crypto-Assets), which came into full force in December 2024, applies directly in Spain and has reshaped the compliance landscape for crypto businesses.<\/li><li>Staking rewards, DeFi income and NFT transactions all generate taxable events in Spain and must be declared.<\/li><li>Our Valencia tax team advises individuals and companies on <strong>cryptocurrency in Spain<\/strong>, from IRPF reporting and Modelo 721 compliance to Beckham Law planning and corporate crypto accounting.<\/li><\/ul><\/div><h2>What are the rules for holding cryptocurrency in Spain?<\/h2><p>The regulatory and tax treatment of <strong>cryptocurrency in Spain<\/strong> has evolved significantly in the last two years, and 2026 finds individuals and businesses operating in a substantially more structured environment than existed even three years ago.<\/p><p>The <a href=\"https:\/\/www.esma.europa.eu\/esmas-activities\/digital-finance-and-innovation\/markets-crypto-assets-regulation-mica\" target=\"_blank\" rel=\"nofollow noopener\">EU&#8217;s MiCA Regulation<\/a> is now fully in force.<\/p><p>The AEAT has introduced dedicated reporting tools and is actively enforcing compliance.<\/p><p>And the question of how crypto gains, staking rewards and NFT transactions are taxed in Spain has moved from a grey area to a clearly defined, and strictly monitored, set of obligations.<\/p><p>This guide explains the current framework for <strong>cryptocurrency in Spain<\/strong>, the tax treatment for individuals and companies, the key reporting obligations, and what the <strong>Beckham Law<\/strong> means for crypto-active professionals relocating to Spain.<\/p><p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-26199 size-full\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/closeup-golden-bitcoins-dark-reflective-surface-histogram-decreasing-crypto-scaled.jpg\" alt=\"crypto in spain\" width=\"2560\" height=\"1707\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/closeup-golden-bitcoins-dark-reflective-surface-histogram-decreasing-crypto-scaled.jpg 2560w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/closeup-golden-bitcoins-dark-reflective-surface-histogram-decreasing-crypto-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/closeup-golden-bitcoins-dark-reflective-surface-histogram-decreasing-crypto-1024x683.jpg 1024w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/closeup-golden-bitcoins-dark-reflective-surface-histogram-decreasing-crypto-768x512.jpg 768w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/closeup-golden-bitcoins-dark-reflective-surface-histogram-decreasing-crypto-1536x1024.jpg 1536w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/closeup-golden-bitcoins-dark-reflective-surface-histogram-decreasing-crypto-2048x1365.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p><h2>The legal status of cryptocurrency in Spain<\/h2><p><strong>Cryptocurrency in Spain<\/strong> is legal to own, trade, invest in and use in commercial transactions.<\/p><p>What it is not is legal tender.<\/p><p>The Spanish Civil Code and the legal framework for monetary obligations require that contractual obligations denominated in money are settled in euros or other recognised fiat currencies.<\/p><p>This means that while a Spanish company can accept bitcoin or ether as payment for goods and services, it cannot substitute cryptocurrency for the euro-denominated share capital required at company incorporation, and it cannot use crypto as the basis for mandatory salary payments under <a href=\"https:\/\/delaguialuzon.com\/en\/labour-solicitor-valencia-spain\/\">Spanish labour law<\/a>.<\/p><p>The practical consequence is that <strong>cryptocurrency in Spain<\/strong> sits in the legal category of a digital asset or financial instrument, not a currency, and the tax and accounting treatment follows from that classification.<\/p><h2>MiCA: the EU framework that now governs crypto businesses in Spain<\/h2><p>The <strong>EU Markets in Crypto-Assets Regulation<\/strong> (MiCA, EU Regulation 2023\/1114) came into full force in December 2024 and applies directly in all EU member states, including Spain, without the need for national implementing legislation.<\/p><p>MiCA is the most significant development in <strong>cryptocurrency in Spain<\/strong> from a business perspective since the sector emerged.<\/p><p>Its key effects include:<\/p><ul><li><strong>Licensing for crypto-asset service providers (CASPs).<\/strong> Any business providing crypto exchange, custody, portfolio management or advisory services in Spain must hold a MiCA authorisation from the CNMV (Comisi\u00f3n Nacional del Mercado de Valores), Spain&#8217;s securities regulator.<\/li><li><strong>Stablecoin regulation.<\/strong> Issuers of stablecoins must comply with strict reserve, transparency and redemption requirements.<\/li><li><strong>White paper obligations.<\/strong> Issuers of crypto-assets must publish a MiCA-compliant white paper before any public offering or admission to trading.<\/li><li><strong>Anti-money laundering requirements.<\/strong> CASPs are subject to full AML\/KYC obligations equivalent to those applied to traditional financial institutions.<\/li><\/ul><p>For most individual investors and small businesses using <strong>cryptocurrency in Spain<\/strong> for investment or payment purposes, MiCA does not create direct compliance obligations.<\/p><p>For any business that provides crypto services to others, it is now a mandatory compliance framework.<\/p><h2>How individuals are taxed on cryptocurrency in Spain<\/h2><p>For Spanish tax residents, gains from <strong>cryptocurrency in Spain<\/strong> are treated as capital gains under the personal income tax (IRPF) framework governed by Law 35\/2006.<\/p><p>The current savings base rates applicable to crypto capital gains are:<\/p><table style=\"width: 100%; border-collapse: collapse; margin: 24px 0;\"><thead><tr style=\"background-color: #6e7d65; color: #ffffff;\"><th style=\"text-align: left; padding: 12px;\">Taxable gain (savings base)<\/th><th style=\"text-align: left; padding: 12px;\">IRPF rate (2026)<\/th><\/tr><\/thead><tbody><tr><td style=\"padding: 12px; border-bottom: 1px solid #ddd;\">Up to \u20ac6,000<\/td><td style=\"padding: 12px; border-bottom: 1px solid #ddd;\">19%<\/td><\/tr><tr style=\"background-color: #f9f9f9;\"><td style=\"padding: 12px; border-bottom: 1px solid #ddd;\">\u20ac6,001 \u2013 \u20ac50,000<\/td><td style=\"padding: 12px; border-bottom: 1px solid #ddd;\">21%<\/td><\/tr><tr><td style=\"padding: 12px; border-bottom: 1px solid #ddd;\">\u20ac50,001 \u2013 \u20ac200,000<\/td><td style=\"padding: 12px; border-bottom: 1px solid #ddd;\">23%<\/td><\/tr><tr style=\"background-color: #f9f9f9;\"><td style=\"padding: 12px; border-bottom: 1px solid #ddd;\">\u20ac200,001 \u2013 \u20ac300,000<\/td><td style=\"padding: 12px; border-bottom: 1px solid #ddd;\">27%<\/td><\/tr><tr><td style=\"padding: 12px; border-bottom: 1px solid #ddd;\">Over \u20ac300,000<\/td><td style=\"padding: 12px; border-bottom: 1px solid #ddd;\">28%<\/td><\/tr><\/tbody><\/table><p>The gain is calculated as the difference between the acquisition cost and the disposal value, converted to euros at the exchange rate at the time of each transaction.<\/p><p>Losses can be offset against other capital gains within the same tax year.<\/p><p>For a full picture of how capital gains are treated across different asset classes in Spain, our guide to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/everything-know-capital-gains-tax-property-spain\/\">capital gains tax in Spain<\/a> provides the broader framework.<\/p><h2>Staking, DeFi and NFTs: taxable events that are frequently missed<\/h2><p>The AEAT has confirmed that a range of crypto-related activities beyond simple buy-and-sell transactions generate taxable events for <strong>cryptocurrency in Spain<\/strong>.<\/p><p><strong>Staking rewards<\/strong> are treated as capital income (rendimientos del capital mobiliario) and taxed at the savings base rates above in the year they are received, at the market value at the date of receipt.<\/p><p><strong>DeFi income<\/strong>, including liquidity pool rewards and yield farming returns, is similarly treated as capital income in the period earned.<\/p><p><strong>NFT sales<\/strong> generate capital gains on the difference between purchase cost and sale proceeds, with the same rates applying as for other crypto disposals.<\/p><p><strong>Crypto-to-crypto exchanges<\/strong> (trading bitcoin for ether, for example) are also taxable events in Spain, even though no fiat currency changes hands.<\/p><p>The gain or loss is calculated at the moment of the swap based on the euro value of the assets exchanged.<\/p><p>This is one of the most commonly misunderstood aspects of <strong>cryptocurrency in Spain<\/strong> and a significant source of under-reporting.<\/p><h2>How companies use cryptocurrency in Spain<\/h2><p>A <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/create-limited-company-in-spain\/\">Spanish Sociedad Limitada<\/a> (SL) can hold, receive and make payments in <strong>cryptocurrency in Spain<\/strong> once it is incorporated, provided the relevant accounting and tax obligations are met.<\/p><p>The most common business uses are:<\/p><ul><li><strong>Receiving payments from clients.<\/strong> A company can accept cryptocurrency as payment. The value must be converted to euros at the exchange rate at the time of the transaction for VAT (IVA) and invoicing purposes. Our guide to the <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/types-taxes-spain\/\">types of taxes in Spain<\/a> covers the VAT framework.<\/li><li><strong>Investment and treasury.<\/strong> Companies can hold cryptocurrency as part of their asset base. Under Spanish accounting standards (PGC), crypto is classified as an intangible asset and must be adjusted for impairment where the market value falls below cost. Gains on disposal are subject to corporate income tax (IS) at the general 25% rate.<\/li><li><strong>Payments to suppliers.<\/strong> Crypto payments to suppliers are valid but must be recorded at the euro market value at the time of the transaction for accounting and tax purposes.<\/li><li><strong>Crypto mining operations.<\/strong> Mining companies can register as a business in Spain and operate officially, subject to full IS and IVA compliance. Our guide to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/spain-corporate-tax\/\">Spanish corporate tax<\/a> covers the IS framework in detail.<\/li><\/ul><h2>Reporting obligations: Modelo 720 and Modelo 721<\/h2><p>Compliance reporting is one of the most actively enforced areas of <strong>cryptocurrency in Spain<\/strong>, and the AEAT has invested significantly in detection capabilities.<\/p><p><strong>Modelo 721<\/strong> was introduced by the AEAT through the Bolet\u00edn Oficial del Estado on 29 July 2023 and requires Spanish tax residents to declare virtual assets held on foreign platforms where the aggregate value exceeds <strong>\u20ac50,000<\/strong> at 31 December of the relevant tax year.<\/p><p>It covers cryptocurrencies, tokens and other digital assets held on non-Spanish exchanges and wallets.<\/p><p><a href=\"https:\/\/delaguialuzon.com\/en\/blog\/modelo-720-spain\/\">Modelo 720<\/a> continues to apply to other overseas assets, including foreign bank accounts and securities, above the same threshold.<\/p><p>Where a Spanish resident holds significant crypto on both domestic and foreign platforms, both forms may need to be filed.<\/p><div style=\"border-left: 4px solid #2e7d32; padding: 14px 20px; margin: 24px 0; background-color: #f9f9f9;\"><p style=\"margin: 0;\">Failure to file Modelo 721 on time carries a fixed penalty of \u20ac5,000 per unreported asset (minimum \u20ac10,000), plus the risk of the undeclared income being treated as unjustified capital gains and taxed at the top marginal rate. The AEAT receives automatic disclosure from exchanges operating under MiCA and DAC8 reporting obligations. Detection risk is now significantly higher than it was even two years ago.<\/p><\/div><h2>Cryptocurrency in Spain and the Beckham Law<\/h2><p>For international professionals relocating to Spain who hold significant crypto assets, the interaction between <strong>cryptocurrency in Spain<\/strong> and the Beckham Law regime is an important planning consideration.<\/p><p>Under the <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/beckham-law-spanish-tax-regime\/\">Beckham Law<\/a> (Article 93 LIRPF, as reformed by Startup Law 28\/2022), qualifying individuals are taxed as non-residents for Spanish tax purposes for up to six years, paying a flat 24% on Spanish-source income up to \u20ac600,000.<\/p><p>Crucially, capital gains on assets acquired <strong>before<\/strong> the individual became a Spanish tax resident, and on assets held outside Spain, may be exempt from Spanish IRPF under the non-resident regime, depending on the specific circumstances.<\/p><p>This can represent a significant planning opportunity for crypto investors with unrealised gains who are considering relocating to Spain.<\/p><p>The six-month election window from the first Social Security registration cannot be missed.<\/p><h2>Key risks and common mistakes<\/h2><ul><li><strong>Treating crypto-to-crypto swaps as non-taxable.<\/strong> Every exchange between cryptocurrencies is a taxable disposal in Spain. The gain is calculated at the moment of the swap in euros.<\/li><li><strong>Not declaring staking and DeFi income.<\/strong> Many investors declare only their buy-and-sell transactions and overlook staking rewards and DeFi returns, which are separately taxable as capital income.<\/li><li><strong>Missing Modelo 721.<\/strong> The AEAT is now receiving automatic disclosure from MiCA-regulated exchanges under the EU&#8217;s DAC8 directive. Failure to file is increasingly likely to trigger an inspection.<\/li><li><strong>Incorrect cost basis calculation.<\/strong> The AEAT accepts FIFO (first in, first out) as the standard method for calculating crypto acquisition cost. Using an alternative methodology without authorisation creates a risk of inspection.<\/li><li><strong>Assuming losses cannot be declared.<\/strong> Crypto losses are deductible against other capital gains in the same tax year, and carry-forward rules apply. Failing to declare losses is a missed opportunity, not just a compliance error.<\/li><\/ul><p>For guidance on reducing the risk of a tax inspection from the AEAT, our guide on <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/how-to-avoid-a-tax-inspection\/\">how to avoid a tax inspection in Spain<\/a> sets out the key principles.<\/p><h2>How Delagu\u00eda y Luz\u00f3n advises on cryptocurrency in Spain<\/h2><p>Our <a href=\"https:\/\/delaguialuzon.com\/en\/tax-law-and-accounting\/\">tax and accounting team<\/a> in Valencia advises individuals and companies on the full spectrum of <strong>cryptocurrency in Spain<\/strong> compliance, from annual IRPF and IS declarations to Modelo 721 filings, Beckham Law planning, and the corporate structuring of crypto-active businesses.<\/p><p>We work with clients who are long-term Spanish residents, recent arrivals under the <strong>Digital Nomad Visa<\/strong>, and international entrepreneurs establishing Spanish entities for Web3 or crypto-related activities.<\/p><p>For those who need ongoing support with crypto accounting and tax filings, our guide to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/find-good-accountant-spain\/\">finding a good accountant in Spain<\/a> explains what to look for and how we structure our tax advisory service.<\/p><div style=\"background-color: #f5f5f5; padding: 24px 28px; margin: 40px 0 0 0;\"><h2 style=\"margin-top: 0;\">Speak to our tax team about cryptocurrency in Spain<\/h2><p>Our multilingual Valencia team advises individuals and businesses on IRPF crypto reporting, Modelo 721, Beckham Law planning and the corporate tax treatment of digital assets.<\/p><p><strong>Email:<\/strong> felix.delaguia@delaguialuzon.com<br \/><strong>Phone:<\/strong> +34 963 74 16 57<br \/><strong>Address:<\/strong> Avinguda Regne de Valencia, 6, 1\u00ba\u20132\u00ba, 46005 Valencia, Spain<\/p><\/div><h2>FAQs<\/h2><h4>Is cryptocurrency legal in Spain?<\/h4><p>Yes.<\/p><p><strong>Cryptocurrency in Spain<\/strong> is legal to own, trade and use in commercial activity.<\/p><p>It is not legal tender, meaning it cannot replace euro-denominated obligations in contracts or company formation, but it is fully legal as an asset and a means of exchange between willing parties.<\/p><h4>How are crypto gains taxed in Spain?<\/h4><p>Capital gains from <strong>cryptocurrency in Spain<\/strong> are taxed at the savings base rates under IRPF, ranging from 19% on gains up to \u20ac6,000 to 28% on gains over \u20ac300,000.<\/p><p>Gains are calculated in euros at the exchange rate at the time of each disposal, and every disposal, including crypto-to-crypto swaps, is a taxable event.<\/p><h4>Do I need to declare my crypto holdings to the AEAT?<\/h4><p>If you hold cryptocurrency on foreign platforms and the aggregate value exceeds \u20ac50,000 at 31 December, you must file Modelo 721 by 31 March of the following year.<\/p><p>Crypto held on Spanish-regulated platforms is reported separately through the platform&#8217;s own reporting obligations to the AEAT.<\/p><h4>Are staking rewards taxable in Spain?<\/h4><p>Yes.<\/p><p>Staking rewards are treated as capital income (rendimientos del capital mobiliario) and are taxable in the year received at their euro market value at the date of receipt, at the savings base IRPF rates.<\/p><h4>Can a Spanish company hold cryptocurrency?<\/h4><p>Yes.<\/p><p>A Spanish SL can hold, receive and make payments in <strong>cryptocurrency in Spain<\/strong> after incorporation.<\/p><p>Crypto is classified as an intangible asset for accounting purposes, and gains on disposal are subject to corporate income tax at the general 25% rate.<\/p><p>The minimum share capital required at incorporation must still be deposited in euros.<\/p><h4>Does the Beckham Law affect how crypto is taxed?<\/h4><p>Potentially significantly.<\/p><p>Under the Beckham Law non-resident regime, capital gains on assets held outside Spain and acquired before becoming a Spanish tax resident may not be subject to Spanish IRPF.<\/p><p>For crypto investors with significant unrealised gains who are considering relocating to Spain, the Beckham Law election should be assessed as part of pre-arrival planning, before the six-month window closes.<\/p><h4>What is Modelo 721 and who needs to file it?<\/h4><p>Modelo 721 is the AEAT declaration form for virtual assets held on foreign platforms, introduced in July 2023.<\/p><p>Spanish tax residents who hold cryptocurrencies or other digital assets on non-Spanish exchanges or in self-custodied wallets with an aggregate value exceeding \u20ac50,000 at 31 December must file it by 31 March of the following year.<\/p><p>It is separate from Modelo 720, which covers other overseas assets such as bank accounts and securities.<\/p><p><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@graph\": [\n    {\n      \"@type\": \"LegalService\",\n      \"@id\": \"https:\/\/delaguialuzon.com\/#organization\",\n      \"name\": 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Capital gains are taxed at 19\u201328% under IRPF, Modelo 721 applies to foreign holdings over \u20ac50,000, and MiCA governs crypto businesses. 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Covers IRPF capital gains reporting, Modelo 721 declarations, Beckham Law planning, corporate crypto accounting and MiCA compliance guidance.\",\n      \"provider\": { \"@id\": \"https:\/\/delaguialuzon.com\/#organization\" },\n      \"areaServed\": [\n        { \"@type\": \"Country\", \"name\": \"Spain\" },\n        { \"@type\": \"Country\", \"name\": \"United Kingdom\" }\n      ],\n      \"serviceType\": \"Cryptocurrency Tax Advisory\",\n      \"url\": \"https:\/\/delaguialuzon.com\/en\/tax-law-and-accounting\/\",\n      \"offers\": {\n        \"@type\": \"Offer\",\n        \"price\": \"60\",\n        \"priceCurrency\": \"EUR\",\n        \"priceSpecification\": {\n          \"@type\": \"UnitPriceSpecification\",\n          \"price\": \"60\",\n          \"priceCurrency\": \"EUR\",\n          \"unitText\": \"initial consultation\"\n        },\n        \"url\": \"https:\/\/delaguialuzon.com\/en\/contact\/\",\n        \"image\": {\n          \"@type\": \"ImageObject\",\n          \"url\": \"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/cryptocurrency-spain-tax-guide.webp\"\n        },\n        \"seller\": { \"@id\": \"https:\/\/delaguialuzon.com\/#organization\" }\n      }\n    },\n    {\n      \"@type\": \"FAQPage\",\n      \"@id\": \"https:\/\/delaguialuzon.com\/en\/blog\/cryptocurrency-spain\/#faq\",\n      \"isPartOf\": { \"@id\": \"https:\/\/delaguialuzon.com\/en\/blog\/cryptocurrency-spain\/#webpage\" },\n      \"mainEntity\": [\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Is cryptocurrency legal in Spain?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Yes. Cryptocurrency in Spain is legal to own, trade and use in commercial activity. It is not legal tender, meaning it cannot replace euro-denominated obligations in contracts or company formation, but it is fully legal as an asset and a means of exchange between willing parties.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"How are crypto gains taxed in Spain?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Capital gains from cryptocurrency in Spain are taxed at the savings base rates under IRPF, ranging from 19% on gains up to \u20ac6,000 to 28% on gains over \u20ac300,000. Gains are calculated in euros at the exchange rate at the time of each disposal, and every disposal, including crypto-to-crypto swaps, is a taxable event.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Do I need to declare my crypto holdings to the AEAT?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"If you hold cryptocurrency on foreign platforms and the aggregate value exceeds \u20ac50,000 at 31 December, you must file Modelo 721 by 31 March of the following year. Crypto held on Spanish-regulated platforms is reported separately through the platform's own reporting obligations to the AEAT.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Are staking rewards taxable in Spain?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Yes. Staking rewards are treated as capital income (rendimientos del capital mobiliario) and are taxable in the year received at their euro market value at the date of receipt, at the savings base IRPF rates.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Can a Spanish company hold cryptocurrency?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Yes. A Spanish SL can hold, receive and make payments in cryptocurrency in Spain after incorporation. Crypto is classified as an intangible asset for accounting purposes, and gains on disposal are subject to corporate income tax at the general 25% rate. The minimum share capital required at incorporation must still be deposited in euros.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Does the Beckham Law affect how crypto is taxed?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Potentially significantly. Under the Beckham Law non-resident regime, capital gains on assets held outside Spain and acquired before becoming a Spanish tax resident may not be subject to Spanish IRPF. For crypto investors with significant unrealised gains who are considering relocating to Spain, the Beckham Law election should be assessed as part of pre-arrival planning, before the six-month window closes.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"What is Modelo 721 and who needs to file it?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Modelo 721 is the AEAT declaration form for virtual assets held on foreign platforms, introduced in July 2023. Spanish tax residents who hold cryptocurrencies or other digital assets on non-Spanish exchanges or in self-custodied wallets with an aggregate value exceeding \u20ac50,000 at 31 December must file it by 31 March of the following year. It is separate from Modelo 720, which covers other overseas assets such as bank accounts and securities.\"\n          }\n        }\n      ]\n    }\n  ]\n}\n<\/script>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<style>\r\n.lwrp.link-whisper-related-posts{\r\n            \r\n            margin-top: 40px;\nmargin-bottom: 30px;\r\n        }\r\n        .lwrp .lwrp-title{\r\n            \r\n            \r\n        }.lwrp .lwrp-description{\r\n            \r\n            \r\n\r\n        }\r\n        .lwrp .lwrp-list-container{\r\n        }\r\n        .lwrp .lwrp-list-multi-container{\r\n            display: flex;\r\n        }\r\n        .lwrp .lwrp-list-double{\r\n            width: 48%;\r\n        }\r\n        .lwrp .lwrp-list-triple{\r\n            width: 32%;\r\n        }\r\n        .lwrp .lwrp-list-row-container{\r\n            display: flex;\r\n            justify-content: space-between;\r\n        }\r\n        .lwrp 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https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/04\/law-firm-in-betera-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/04\/law-firm-in-betera-768x512.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Law firm in B\u00e9tera<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/en\/law-firm-lliria\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"270\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/09\/law-firm-in-Lliria.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"law firm in lliria\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/09\/law-firm-in-Lliria.jpg 795w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/09\/law-firm-in-Lliria-300x169.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/09\/law-firm-in-Lliria-768x432.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Law firm in Ll\u00edria<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/en\/law-firm-castellon\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"320\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/02\/law-firm-in-castellon.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"law firm in castell\u00f3n\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/02\/law-firm-in-castellon.jpg 795w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/02\/law-firm-in-castellon-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/02\/law-firm-in-castellon-768x512.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Law firm in Castell\u00f3n<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/en\/blog\/working-in-spain-as-a-foreigner\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"274\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/03\/working-in-spain-as-a-foreigner.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"working in spain as a foreigner\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/03\/working-in-spain-as-a-foreigner.jpg 795w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/03\/working-in-spain-as-a-foreigner-300x171.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/03\/working-in-spain-as-a-foreigner-768x439.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Labour rights of foreign workers in Spain<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/en\/corporate-social-management\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"320\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2024\/10\/corporate-social-management.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"corporate social management\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2024\/10\/corporate-social-management.jpg 795w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2024\/10\/corporate-social-management-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2024\/10\/corporate-social-management-768x512.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Corporate social management<\/span><\/a><\/div>                <\/div>\r\n                <\/div>\r\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Spain\u2019s evolving cryptocurrency framework sets clear rules on taxation, reporting duties and anti-money-laundering compliance for investors and companies. AEAT requirements, transaction declarations and asset-holding obligations shape how digital assets are managed. For tailored guidance, contact De la Gu\u00eda Luz\u00f3n at +34 963 74 16 57.<\/p>\n","protected":false},"author":2,"featured_media":11804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false,"_joinchat":[],"footnotes":""},"categories":[52,42],"tags":[],"class_list":["post-11830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-legislation","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts\/11830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/comments?post=11830"}],"version-history":[{"count":21,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts\/11830\/revisions"}],"predecessor-version":[{"id":26202,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts\/11830\/revisions\/26202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/media\/11804"}],"wp:attachment":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/media?parent=11830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/categories?post=11830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/tags?post=11830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}