Spanish tax authority to send more letters to crypto traders this yr, despite coronavirus
The Spanish tax authority, the AEAT, is about to send more letters to crypto traders this yr, despite the coronavirus pandemic.
From April 1 – June 30, the AEAT would send notices to 66,000 cryptocurrency holders to remind them of their tax obligations, in accordance to a report from Europa Press earlier this week.
That quantity is almost 350% increased than the final yr of 14,700, per the report. The AEAT can also be concentrating on those that earn rental revenue and overseas revenue.
Crypto in Spain is topic to capital features tax. The tax fee ranges from 19% to 23%, in accordance to Spanish tax marketing consultant GM.
Spain’s tax authorities have been energetic within the crypto area since as early as 2015. Most not too long ago, they contacted over 60 companies, together with crypto exchanges, to get data on traders.