📝 Description
This comprehensive guide describes Spanish tax regulations for crypto-assets, including progressive tax rates based on capital gains brackets, the mandatory FIFO method for calculating gains, and reporting obligations such as Form 721 and Wealth Tax. Ideal for correctly understanding your Waltio tax certificate. 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% | |
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.