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Author: Admin | 2025-04-28
These taxable events and their implications can help individuals manage their crypto assets more effectively. Below is an overview table followed by detailed explanations of each type of transaction.Transaction TypeTax ImplicationDescriptionCrypto-to-FIAT TradesCapital Gains TaxSelling crypto for fiat currency like euros.Crypto-to-Crypto TradesCapital Gains TaxExchanging one cryptocurrency for another.StakingIncome TaxEarning rewards from staking activities.MiningIncome TaxReceiving income from mining activities.AirdropsIncome TaxReceiving free crypto tokens as airdrops.Payments with CryptoCapital Gains TaxUsing crypto to purchase goods or services.Crypto Gifts and DonationsDonations TaxGiving crypto as a gift or donation.Getting Paid in CryptoIncome TaxReceiving salary or payment in cryptocurrency.NFT (Non-Fungible Tokens)Capital Gains/Income TaxSelling or earning income from NFTs.Income in CryptoIncome TaxAny income received in the form of cryptocurrency.Transferring Crypto Between WalletsNoneMoving crypto between personal wallets.Holding CryptosNoneSimply holding cryptocurrencies without transacting.Crypto-to-FIAT TradesSelling cryptocurrency for fiat currency (e.g., euros) triggers a taxable event. The capital gain or loss is calculated based on the difference between the sale price and the purchase price (cost basis). The applicable capital gains tax rates are progressive, ranging from 19% to 28%.Crypto-to-Crypto TradesExchanging one cryptocurrency for another is also considered a taxable event in Spain. The value of the crypto at the time of the exchange is used to calculate the gain or loss, which is then subject to capital gains tax ranging from 19% to 28%.Crypto Staking TaxesStaking involves locking up cryptocurrencies to support blockchain network operations in return for rewards. These rewards are considered income and are taxed as such, based on the taxpayer’s general income tax rates.Mining Taxes in SpainIncome earned from mining cryptocurrencies is subject to income tax, ranging from 19% to 47%. The value of the mined coins at the time they are received is considered taxable income, and it must be reported and taxed accordingly.Airdrops TaxesCryptocurrencies received through airdrops are treated as taxable income. The value of the airdropped tokens at the time of receipt is considered income and is subject to income tax, ranging from 19% to 47%.Tax implications of payments with cryptoUsing cryptocurrency to purchase goods or services is a taxable event. The difference between the purchase price and the fair market value of the crypto at the time of the transaction is subject to capital gains tax, ranging from 19% to 28%.Crypto Gifts and DonationsWhen cryptocurrencies are given as gifts or donations, they are subject to donations tax. The tax rate depends on the relationship between the donor and the recipient, as well as the amount and region. Rates can range from 7.65% to 34%.Getting paid in cryptoReceiving payment in cryptocurrency for goods or services provided is considered income and is subject to income tax, ranging from 19% to 47%. The value of the cryptocurrency at the time of receipt is used to calculate the taxable amount.NFT Taxes (Non-Fungible Tokens) in SpainTransactions involving NFTs, whether selling or earning from them, are subject to taxation. The tax treatment can be tricky and depends on the nature of the transaction and who is involved in this transaction: capital gains tax or income tax applies for individuals, while
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