Is Crypto Income Taxable in Spain in 2025? Your Essential Tax Guide

Introduction: Navigating Spain’s Crypto Tax Landscape

As cryptocurrency adoption surges in Spain, understanding your 2025 tax obligations is crucial. Whether you’re trading Bitcoin, earning staking rewards, or receiving crypto payments, Spanish tax authorities treat digital assets as taxable property. This guide breaks down how crypto income is taxed in Spain for 2025, helping you stay compliant while maximizing your returns. Always consult a certified tax advisor for personalized guidance, as regulations may evolve.

How Spain Taxes Cryptocurrency in 2025

Spain classifies crypto as a capital asset rather than currency. Taxation depends on:

• Activity type: Trading, investing, or professional operations
• Holding period: Short-term vs. long-term gains
• Residency status: Residents taxed on worldwide crypto income

Key taxes include Capital Gains Tax (19-26%) and Income Tax (19-47%), with specific rules for each crypto activity.

Taxable Crypto Activities in Spain (2025)

1. Trading and Investment Gains

Profits from selling crypto are subject to Capital Gains Tax:

• Short-term gains (held <1 year): Added to regular income, taxed at 19%-47%
• Long-term gains (held >1 year): Taxed at 19% (first €6,000), 21% (€6,000-€50,000), 23% (€50,000-€200,000), and 26% (above €200,000)

2. Staking, Lending, and Yield Farming

Rewards are taxed as ordinary income at your marginal rate (19%-47%) when received. Example: Earning €1,000 in ETH staking rewards could mean €190-€470 in taxes.

3. Crypto Mining

Treated as business income if done professionally. Miners must declare earnings minus expenses (electricity, hardware) and pay Income Tax plus VAT in some cases.

4. Airdrops and Hard Forks

Taxable as miscellaneous income at market value when claimed. Record receipt dates and values carefully.

5. Receiving Salary in Crypto

Employers must convert crypto payments to euros and withhold standard Income Tax and Social Security contributions.

6. NFT Transactions

Sales profits follow Capital Gains Tax rules. Royalties from NFT creations are taxed as intellectual property income.

Key Reporting Requirements for 2025

• Modelo 720: Declare overseas crypto holdings >€50,000 by March 31
• Modelo 100: Report annual income/gains by June 30
• Record-Keeping: Maintain transaction logs for 5 years including dates, amounts, wallet addresses, and fiat values

Penalties for Non-Compliance

Failure to report crypto income may result in:

• Fines of 50%-150% of unpaid tax
• Interest on overdue amounts
• Criminal charges for severe evasion

FAQs: Crypto Taxes in Spain 2025

Is crypto-to-crypto trading taxable?

Yes. Every trade is a taxable event. Calculate gains in euros using market values at transaction time.

Are losses deductible?

Capital losses offset gains in the same year. Unused losses carry forward 4 years.

Do I pay tax on unrealized gains?

No. Tax applies only upon selling, exchanging, or earning crypto.

How is DeFi taxed?

Liquidity mining rewards are taxable income. Governance token distributions follow airdrop rules.

What if I use crypto for purchases?

Spending crypto triggers Capital Gains Tax on the disposal. Example: Buying a €500 item with Bitcoin originally worth €200 means €300 in taxable gain.

Are there tax-free thresholds?

Only for capital gains under €1,000/year from all asset sales combined.

Staying Compliant: Practical Tips

1. Use crypto tax software (e.g., Koinly, TaxDown) to automate calculations
2. Convert crypto values to euros using reputable exchange rates at transaction time
3. Separate personal and trading wallets for clearer record-keeping
4. Monitor regulatory updates via Spain’s Tax Agency (AEAT) website

Conclusion: Plan Ahead for 2025

With Spain tightening crypto tax enforcement, proactively tracking your 2025 transactions is essential. While this guide outlines current rules, regulations may change – especially regarding DeFi and NFTs. Consult a Spanish crypto tax specialist to optimize your position and avoid penalties. Remember: Accurate reporting today prevents costly audits tomorrow.