Spanish Treasury Requires Investors to Declare Holdings in Cryptos
- The new provisions of the Ministry of Finance of Spain that users must provide information about the assets they own in bitcoin and other cryptocurrencies
- Several taxpayers have already received requests from the government requesting information on their assets.
- Digital assets are taxed by the wealth tax from a minimum rate of 19%.
Investors and other users of bitcoin and other cryptocurrencies in Spain are required to declare their possessions to the Ministry of Finance. This is how the laws of this country that have been regulating the sale and storage of crypto assets turned out.
The tax authorities have begun to request the delivery of detailed information on the cryptocurrencies in the possession of the public during the last four fiscal years, as reported by the Spanish website…