Spanish Treasury delayed creation of cryptocurrency tax returns until 2023
The Ministry of Finance plans to cooperate with local crypto exchanges to identify and study information
09.02.2022 - 07:55
306
1 min
0
What’s new? Spain’s Ministry of Finance has announced that it will delay the creation of the complete framework for declaring taxes related to cryptocurrencies until 2023. While the Spanish government has made progress in regulating cryptocurrencies, the specifics of taxation are still not fully understood. The authorities will need another year to analyze additional information.
The organization announced this decision in the Annual Tax and Customs Control Plan for 2022.
Annual Tax and Customs Control Plan 2022
What is the basis for the creation of the documentation? The crypto tax declaration models are based on the anti-fraud law. It establishes several obligations for cryptocurrency users regarding their storage outside of Spain, as well as for VASPs (Virtual Asset Service Providers).
What are the prospects? The agency intends to apply tax measures, as the hype in the cryptocurrency markets generates “tax risks.” The Ministry of Finance’s representatives plan to cooperate with local crypto exchanges to uncover information on the owners of digital assets. On this issue, treasury officials put international cooperation as one of the main objectives, as well as participation in international forums to strengthen it.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$99 283
BTC
+2.06%
-
Ethereum
$3 321.49
ETH
-0.03%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.46
XRP
+31.53%
-
Dogecoin
$0.410798
DOGE
+7.17%
-
Cardano
$0.969986
ADA
+22.82%
-
Bitcoin Cash
$489.51
BCH
+1.77%
-
Polkadot
$6.32
DOT
+9.4%
-
Stellar XLM
$0.300785
XLM
+26.77%
-
Litecoin
$90.48
LTC
+2.51%