This summary outlines the Spanish tax regulations for your crypto-assets, helping you correctly interpret your Waltio tax certificate for your Spanish tax return (Renta)
Tax Rate: How much will I pay?
In Spain, in 2025, the tax is progressive, meaning the rate increases with the amount of profit realized during the tax year:
General Income Tax Base (Salary, Rents) |
| Savings Income Tax Base (Crypto, Dividends) |
|
Income Brackets | Rate | Capital Gains Brackets | Rate |
Up to €12,450 | 19.0% | Up to €6,000 | 19% |
€12,450 to €20,200 | 24.0% | €6,000 to €50,000 | 21% |
€20,200 to €35,200 | 30.0% | €50,000 to €200,000 | 23% |
€35,200 to €60,000 | 37.0% | €200,000 to €300,000 | 27% |
€60,000 to €300,000 | 45.0% | Over €300,000 | 28% |
Over €300,000 | 47.0% |
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Please note: These rates may vary by region and are subject to change according to current laws. Feel free to consult the official Spanish Tax Agency website regularly to stay informed: Agencia Tributaria - IRPF Portal
Calculation Method: Spain strictly requires the FIFO (First-In, First-Out) method to calculate gains. When you sell or swap an asset, the law assumes you are selling the oldest units you acquired first.
2 - Holding & Reporting Obligations
Spain has specific forms for reporting assets held abroad and total wealth:
Modelo 721 (Mandatory Information Return): You must file this form if you hold more than €50,000 in crypto-assets on foreign platforms as of December 31st. This is an informative declaration, not a tax payment.
Wealth Tax (Patrimonio): Crypto-assets are included in your total net wealth. If your total global assets exceed the regional threshold (usually €700,000, though it varies by region), you must pay an annual tax on the total value of your holdings as of December 31st.