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Title: Bitcoin in Spain Post by: superresistant on December 03, 2013, 07:51:45 AM Hello,
I am going to live in Spain soon. I would like to know what are the law and regulations regarding Bitcoin and how is it taxed ? Should I cash out my Bitcoin in Spain ? Thanks Title: Re: Bitcoin in Spain Post by: Asurmen on December 03, 2013, 09:56:43 AM Now no problem, it's not taxed or regulated.
Title: Re: Bitcoin in Spain Post by: BitAddict on December 03, 2013, 02:02:44 PM Now no problem, it's not taxed or regulated. It is taxed. If you sell your bitcoins and send the money to the bank you will have to pay tax for the earnings. Title: Re: Bitcoin in Spain Post by: cyclops on December 03, 2013, 03:40:26 PM Now no problem, it's not taxed or regulated. It is taxed. If you sell your bitcoins and send the money to the bank you will have to pay tax for the earnings. Sell them in hand with cash! Title: Re: Bitcoin in Spain Post by: joshka on December 03, 2013, 03:42:23 PM Now no problem, it's not taxed or regulated. It is taxed. If you sell your bitcoins and send the money to the bank you will have to pay tax for the earnings. how many taxes? Title: Re: Bitcoin in Spain Post by: Anillos2 on December 03, 2013, 03:43:07 PM If You can sell them carefully, You could bypass taxes.
Si puedes venderlos con cuidado, podrías baipasear los impuestos. Title: Re: Bitcoin in Spain Post by: cyclops on December 03, 2013, 03:55:26 PM Now no problem, it's not taxed or regulated. It is taxed. If you sell your bitcoins and send the money to the bank you will have to pay tax for the earnings. how many taxes? Title: Re: Bitcoin in Spain Post by: Shawshank on December 03, 2013, 06:15:56 PM Difficult to say because as far as I know there is nothing final on Bitcoin treatment by the government. If you treat bitcoins in the same way as profit rendered by deposits, this should apply:
Profit of less than 6000 euros, 21% on your income tax. Profit between 6000 and 24000 euros, 25% on your income tax. Profit over 24000, 27% on your income tax. Title: Re: Bitcoin in Spain Post by: elbill on December 03, 2013, 06:20:21 PM Spain is very close to gibraltar, so no problem, come to spain and enjoy the party and paella :)
Title: Re: Bitcoin in Spain Post by: superresistant on December 04, 2013, 03:52:13 PM Difficult to say because as far as I know there is nothing final on Bitcoin treatment by the government. If you treat bitcoins in the same way as profit rendered by deposits, this should apply: Profit of less than 6000 euros, 21% on your income tax. Profit between 6000 and 24000 euros, 25% on your income tax. Profit over 24000, 27% on your income tax. So that's the official answer. Thanks. In Germany, it is about 20% and in France it is crazy (about 50%). Spain is very close to gibraltar, so no problem, come to spain and enjoy the party and paella :) I will. Thanks. Title: Re: Bitcoin in Spain Post by: svirus on March 26, 2014, 01:20:10 PM Hi
This is same in Canary Islands ? or there are have other taxes law ? Thanks in advanced Title: Re: Bitcoin in Spain Post by: Shawshank on March 26, 2014, 02:54:30 PM Hi This is same in Canary Islands ? or there are have other taxes law ? Thanks in advanced Yes, capital gains taxes are the same in all Spain. This includes Canary Islands and Balearic Islands. Be aware that it is not yet final that Spain will tax profits in bitcoins as capital gains taxes. Title: Re: Bitcoin in Spain Post by: Gofio on March 26, 2014, 03:18:13 PM Hi This is same in Canary Islands ? or there are have other taxes law ? Thanks in advanced In the Canary Islands are other taxes law, Special Zone and R.E.F, Ultraperiferic Region of Union Europe. What island do you come ? Title: Re: Bitcoin in Spain Post by: LeChatNoir on September 06, 2015, 06:20:22 PM Any updates on the spanish and especially the canary island legal situation?
Let's say i'm resident in Tenerife and want to buy a house with bitcoin, i first have to sell my bitcoins in exchange for €, what taxes do i pay on this amount? Is this legal and regulated right now? Better to avoid? Is there an official thread about bitcoin and taxes in Spain, in this spanish section? Title: Re: Bitcoin in Spain Post by: Shawshank on September 07, 2015, 01:05:42 PM Any updates on the spanish and especially the canary island legal situation? Let's say i'm resident in Lanzarote and want to buy a house with bitcoin, i first have to sell my bitcoins in exchange for €, what taxes do i pay on this amount? Is this legal and regulated right now? Better to avoid? Is there an official thread about bitcoin and taxes in Spain, in this spanish section? This website is OK to get legal information about Bitcoin in Spain. I am not affiliated to it, but I know it is run by a Spanish person. http://lawandbitcoin.com/ (http://lawandbitcoin.com/) There have only been two responses to binding consultations (consulta vinculante) by the Department of Taxation (Dirección General de Tributos) in Spain. This info may help you. http://lawandbitcoin.com/en/bitcoin-and-its-legal-status-in-spain/ (http://lawandbitcoin.com/en/bitcoin-and-its-legal-status-in-spain/) http://lawandbitcoin.com/en/bitcoin-is-vat-exempt-in-spain/ (http://lawandbitcoin.com/en/bitcoin-is-vat-exempt-in-spain/) http://lawandbitcoin.com/en/the-spanish-tax-authorities-issued-a-new-ruling-about-bitcoin/ (http://lawandbitcoin.com/en/the-spanish-tax-authorities-issued-a-new-ruling-about-bitcoin/) I would say that if you are not a resident in Spain for tax purposes, and you sell the bitcoins to euros in your country of origin, you would not pay taxes on the conversion in Spain (You should pay them in your country or origin or whatever country you are liable for taxes). However, you should still pay VAT (IVA) in Spain for the new house if it is new, or the Tax for Transmission of Assets (Impuesto de Transmisión Patrimonial) if the house is not newly-built. DISCLAIMER: I AM NOT A LAWYER AND I DON'T KNOW LAW. USE THIS INFO AT YOUR OWN RISK. |