Transactions - Spain - Deposit labels | Waltio Help Center 😃 🇬🇧

📝 Description

This guide lists the deposit labels available on Waltio for Spanish tax residents. Each label carries specific tax implications for FIFO calculations and the taxation of your operations.

👉 AP = Acquisition Price

⚠️ Warnings

The applicable calculation method in Spain is FIFO (First In, First Out).
In Spain, when passive income is received, it is deemed to have been acquired at its market value on the date of receipt.
Unlabeled deposits are treated by default as acquired at their market value on the date of receipt.
All deposits must be labeled or matched as an internal transfer.

⚖ Summary Table of Deposit Labels

Label	FIFO Impact / Acquisition Price	Taxable?	Impact on Crypto Holdings	Example
No label	AP: Market price of the received crypto	✅ FIFO Integration	❌ Not taxable	⏫ Increase
Masternodes & staking (and farming)	AP: Market price upon receipt	✅ FIFO Integration	✅ Savings tax base (Capital income)	⏫ Increase
CFD Gain	AP: Market price upon receipt	✅ FIFO Integration	✅ Savings tax base (Capital gain from transfer)	⏫ Increase
Mining Gain	AP: Market price upon receipt	✅ FIFO Integration	✅ General tax base (Economic activity income)	⏫ Increase
Play2Earn Gain	AP: Market price upon receipt	✅ FIFO Integration	✅ General tax base (Economic activity income)	⏫ Increase
Liquidity Withdrawal	AP: Market price upon receipt ⚠️ Updates the initial AP of the crypto deposited in LP	✅ FIFO Integration	❌ Not taxable	⏫ Increase
ICO Token Receipt	AP: Market price upon receipt	✅ FIFO Integration	❌ Not taxable	⏫ Increase
Cashback	AP: Market price upon receipt	✅ FIFO Integration	✅ Savings tax base (Capital income)	⏫ Increase
Airdrop	AP: Market price upon receipt	✅ FIFO Integration	✅ General tax base (Capital gain without transfer)	⏫ Increase
Fork	AP: Market price upon receipt	✅ FIFO Integration	✅ General tax base (Capital gain without transfer)	⏫ Increase
Other Gains	AP: Market price upon receipt	✅ FIFO Integration	✅ Savings tax base (Capital income)	⏫ Increase
Salary	AP: Market price upon receipt	✅ FIFO Integration	✅ General tax base (Employment income)	⏫ Increase
Swap	AP: Market price of the received crypto	✅ FIFO Integration	❌ Not taxable (the disposal is taxable)	⏫ Increase
Crypto Purchase (with fiat)	AP: Purchase price	✅ FIFO Integration	❌ Not taxable	⏫ Increase
Scam	AP: 0 EUR – Ignored	❌ No FIFO impact	❌ Not taxable	⏸ No change
Internal Transfer	AP: Initial AP of the transferred crypto	❌ No FIFO impact	❌ Not taxable	⏫ Increase
Unstaking	AP: Initial AP of the staked crypto	❌ No FIFO impact	❌ Not taxable	⏸ No change
Donation (received)	AP: Fiat value of the donation on the date of receipt	✅ FIFO Integration	❌ Not taxable	⏫ Increase
Borrowing / Loan	AP: Loan amount upon receipt	✅ FIFO Integration	❌ Not taxable	⏫ Increase
Collateral Repayment	AP: Initial AP of the collateralized crypto	❌ No FIFO impact	❌ Not taxable	⏸ No change

💡 Additional Information

If you use the Internal Transfer label, you must apply it to both the withdrawal and the deposit. Example: you transfer 1 ETH from your Binance account to your MetaMask wallet. You have a withdrawal on Binance and a deposit on MetaMask: both transactions must be labeled Internal Transfer.
To label your transactions, go to the My Transactions page.
For more details on Spanish cryptocurrency taxation, read the dedicated article in our Help Center.
To understand LIFO and FIFO calculation methods, check out our article on Calculation Methods.