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Author: Admin | 2025-04-28
Your coins at the time of receipt. It’s likely that getting paid in crypto, cryptocurrency mining, cryptocurrency staking, and airdrops all fall into this category.Example: Income taxJuan earns €2,000 of staking rewards.Juan recognizes €2,000 of income.In Spain, tax rates are set by the state and individual autonomous communities. Here are tax rates that need to be paid by all Spanish residents. Income Range (€)Tax RateUp to 12,45019%12,451 - 20,20024%20,201 - 35,20030%35,201 - 60,00037%60,001 - 300,00045%300,001+47%Spain charges some of the highest income taxes on cryptocurrency in the world. Marginal tax rates for those earning over €300,000 are between 45-54% depending on your region of residence. What cryptocurrency transactions are tax-free in Spain? The following transactions are tax-free. Buying cryptocurrency Holding cryptocurrency (unless you meet the wealth tax threshold) Moving cryptocurrency between wallets Is cryptocurrency subject to wealth tax?Certain regions in Spain charge a wealth tax for taxpayers with assets greater than €700,000.You will need to sum up the value of all of your assets (including crypto-assets) at the end of the tax year. If the net result is positive after allowances, you will be required to submit a wealth tax declaration.If you are a Spanish resident, you get an exemption against the value of your primary home (€300,000 in most of Spain).Wealth tax can vary from 0.21% to 3.75% depending on where you live in Spain. Region Tax Rate Catalonia 0.21% - 3.48% Asturias 0.22% - 3% Region of Murcia 0.24% - 3% Cantabria 0.24% - 3.03% Community of Valencia 0.25%
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