Spain Crypto Tax 2025: A Complete Guide

With crypto investments taking off across Europe, Spain has taken clear steps to ensure digital assets like Bitcoin, Ethereum, and NFTs fall under the country’s tax regime. For residents, navigating the evolving rules can feel daunting, but with the right information and practical examples, fulfilling your crypto tax obligations in Spain can be straightforward and stress-free. This comprehensive 2025 guide will explain precisely how Spain taxes your crypto, what you need to report, what rates apply, and how to take advantage of reliefs and tools like the WEEX Tax Calculator while staying compliant with the Spanish Tax Agency (La Agencia Tributaria).

Do You Pay Cryptocurrency Taxes in Spain?

If you live in Spain and engage in any form of cryptocurrency activity—buying, selling, trading, mining, staking, earning through DeFi, gifting, or inheriting—some or all of your activities trigger a Spanish tax obligation. Crypto is recognized in Spain as a capital asset, and the tax system treats your digital assets much like stocks or bonds, with specific provisions for different kinds of transactions and income.

Who Needs to File Crypto Taxes?

• Spanish tax residents: Anyone living in Spain for more than 183 days per calendar year, or whose main economic interests are in Spain, must declare worldwide crypto holdings, disposals, and income.
• Non-residents: Only crypto-related income sourced in Spain (for example, using Spanish-based platforms or financial institutions) is typically taxed.

When Is Crypto Taxable in Spain?

Crypto taxes apply in Spain when you:

• Sell your crypto for euros or other fiat currency
• Trade one crypto for another (“crypto-to-crypto” swaps)
• Spend crypto on goods or services
• Receive crypto as payment, mining rewards, staking income, airdrops, or referral bonuses
• Gift or inherit crypto
• Hold over €700,000 (total assets) for Wealth Tax, with crypto counted toward that threshold

Transactions That Are Not Taxable

You will not pay tax in Spain when:

• Buying cryptocurrency with euros (fiat)
• Simply “hodling” (holding) crypto, unless subject to Wealth Tax
• Transferring crypto between your own wallets

Example: If you transfer ETH from your WEEX account to your private hardware wallet, no Spanish tax arises on the transfer itself, provided both wallets belong to you.

How Much Tax Do You Pay on Crypto in Spain?

Spain’s approach to crypto taxation divides your activity into several broad categories—each with its own tax rate and reporting method. The main tax types are:

• Income tax (Impuesto sobre la Renta de las Personas Físicas, or IRPF)
• Savings income tax (capital gains)
• Wealth tax (Impuesto sobre el Patrimonio)
• Gift and inheritance tax (Impuesto sobre Sucesiones y Donaciones, or ISD)

Let’s break down each type so you can see what applies to your crypto portfolio.

Crypto Capital Gains Tax (Savings Income Tax)

Whenever you dispose of crypto—whether by selling, trading, or spending it—you trigger a capital gains tax event. Spanish tax law refers to this as “savings income.” What you pay depends on your total profits in a given tax year, and the rates are progressive, meaning the tax increases as your gains climb.

Capital Gains Tax Rates for Crypto in 2025

Profit Range	Tax Rate
Up to €6,000	19%
€6,000 – €50,000	21%
€50,000 – €200,000	23%
€200,000 – €300,000	27%
Over €300,000	28%

How It Works:
Each band only applies to the portion of profit within that range.
Suppose you make a €55,000 total gain from crypto sales. You’d pay:

• 19% on the first €6,000
• 21% on the next €44,000 (€6,000 – €50,000)
• 23% on the final €5,000 (€50,000 – €55,000)

Example:
You bought 0.5 Bitcoin for €18,000 and traded it for €25,000 worth of Ethereum. Your gain: €7,000.
Tax due:

• 19% on €6,000 = €1,140
• 21% on €1,000 = €210

Total tax on this transaction = €1,350

Accounting Method: FIFO

Spain mandates a “First In, First Out” (FIFO, or PEPS in Spanish) method for calculating capital gains. This means the earliest crypto assets you purchased are assumed to be the first ones you dispose of. This method must be applied consistently across all your wallets and transactions.

Example:
If you buy 2 ETH in January and 2 ETH in May, then sell 1 ETH in June, the cost basis for the sold ETH is taken from the January purchase.

Crypto-to-Crypto Trades

Each time you exchange one cryptocurrency for another—even if no euro or fiat passes through your hands—you must calculate the capital gain or loss based on the euro value of the tokens given up.

Scenario	Taxable?	Example	Tax Treatment
Sell BTC for EUR	Yes	Buy BTC for €20,000; sell for €30,000	€10,000 gain; taxed as above
Trade ETH for ADA	Yes	Buy ETH for €3,000; trade for ADA worth €4,000	€1,000 gain; taxed as above
Buy NFT with crypto	Yes	Buy ETH at €1,000, value rises to €1,200, use ETH to buy NFT	€200 gain; taxed as above
Buy, hold, transfer only	No	Buy BTC for €10,000, move to hardware wallet	Not taxed

Income Tax on Crypto in Spain

When you receive crypto as payment or earn it through mining, staking, airdrops or as salary, you must pay tax at your general income tax rate (not savings rate).

State Income Tax Rates for 2025

Note: Each autonomous region in Spain (comunidad autónoma) can set additional rates, so your actual marginal rate may be slightly higher depending on where you live.

Income Range (€)	State Rate
Up to 12,450	19%
12,451 – 20,200	24%
20,201 – 35,200	30%
35,201 – 60,000	37%
60,001 – 300,000	45%
Over 300,000	47%

What Activities Are Taxed as Crypto Income?

Activity	Tax Treatment	Example
Salary paid in crypto	Income tax	Paid 0.1 BTC for freelance web design; taxed as employment/self-employment
Crypto mining	Income tax	Mine 0.2 ETH, value at receipt is €400; taxed as business income
Staking rewards	Savings tax	Receive 50 ADA, worth €120; taxed as investment income at savings rates
Airdrops/referrals	General tax	Airdropped 10 tokens, worth €25 each; taxed as “gift” income

• Mining as a business: Must register as a “autónomo” (freelancer) using code 832.9. Income reported as business earnings.
• Staking as an individual: Rewards treated as investment income and taxed under the savings (capital gains) schedule.
• Gifted/Airdropped crypto: Taxed at the general scale as a gift; may be subject to inheritance/gift tax.

Inheritance and Gift (ISD) Tax Rates

Inherited or gifted crypto is taxable as per regional ISD rules, with rates ranging from 7% to 36.5% depending on the relationship between parties and the amount.

Wealth Tax

Spain’s Wealth Tax applies to all net assets, including crypto, when holdings exceed the regional threshold (generally €700,000, but Madrid and Andalucía are exceptions).

Region	Wealth Tax Rate	Wealth Tax Threshold	Notes
Catalonia	0.21% – 3.48%	€700,000
Asturias	0.22% – 3%	€700,000
Murcia	0.24% – 3%	€700,000
Cantabria	0.24% – 3.03%	€700,000
Valencia	0.25% – 3.5%	€700,000
Balearics	0.28% – 3.45%	€700,000
Extremadura	0.30% – 3.75%	€700,000
Madrid & Andalucía	None (info only)	Informational reporting > €2m

Key points:

• Wealth Tax is calculated on the total value of all your assets (including crypto) as of December 31st each year.
• Your main home enjoys a further €300,000 exemption.
• Regions vary, so always check the exact requirements for your community.

Example:
Ana lives in Valencia. Her crypto portfolio is valued at €520,000, and she has no other significant assets. She’s below the €700,000 threshold, so does not owe Wealth Tax, but would need to file if her crypto, bank accounts, and other income-producing assets together exceeded the limit.

Can the Agencia Tributaria Track Crypto?

Spain’s tax authority, the Agencia Tributaria, has developed significant tools to detect crypto activity:

• Mandatory reporting by exchanges: Since July 2021, local and some international exchanges must provide information on Spanish customers.
• EU Data Sharing (DAC8): By 2026, all EU tax offices will automatically share user and transaction data between member states, plugging former gaps where Spanish residents used foreign exchanges.
• Direct notice and fines: In recent years, the Agencia Tributaria has sent “reminder” letters to over a million Spaniards known to have crypto-related activity. Penalties can reach up to five times the undeclared amount, or even lead to criminal prosecution in cases of strong evasion or repeated non-compliance.
• Crypto seizure for tax debts: A 2024 regulatory update enables the government to seize crypto assets directly to cover unpaid taxes.

Takeaway:
It is now extremely risky to hide or ignore crypto activity as a Spanish resident—full transparency is critical.

How Is Crypto Taxed in Spain?

Summary Table: Common Crypto Scenarios

Activity	Taxable Event	Tax Treatment	Reporting Form/Box
Buying crypto with EUR	No	Not taxed	N/A
Selling crypto for EUR	Yes	Capital gains (savings)	Modelo 100, Box 1804
Trading crypto for crypto	Yes	Capital gains (savings)	Modelo 100, Box 1804
Receiving crypto as salary	Yes	Income tax	Modelo 100, relevant section
Mining	Yes	Income tax, business income	Modelo 100, Box 0166/0178
Staking rewards	Yes	Investment income	Modelo 100, Box 0031/0033
Airdrops/referrals	Yes	General/other income tax	Modelo 100, Box 0304
Holding crypto	No	Wealth Tax if threshold met	Modelo 714 if required
Gifting crypto	Yes	Inheritance/Gift tax	ISD statement
Transferring between personal wallets	No	Not taxed	Not required

Note:
Crypto held abroad over €50,000 must be reported on Model 721, filed from January 1 – March 31 each year.

NFTs and DeFi

• NFTs: Selling an NFT is taxed as a capital gain. Buying with crypto is a taxable disposal. Minting and selling NFTs is taxed as investment/business income (depending on frequency/scale).
• DeFi protocols: Income from DeFi (staking, yield farming, lending, airdrops) should be classified by type. Earning interest is generally treated as savings income (19–26%), while swaps and reward tokens are taxed as capital gains or standard income, depending on personal circumstances.

Spain Income Tax Rates

The Spanish tax code features two principal scales: the general scale for usual income from employment or business activities, and the savings scale* for income from investment, including crypto capital gains and most staking interest.

Tax Type	Tax Brackets & Rates (2025)
Savings Income	19% – 28% (see table above)
General Income	19% – 47% (plus regional rates, up to ~54% max)
Wealth Tax	0.2% – 3.75% (region dependent; €700,000 threshold)

• Examples:

– Freelance web developer paid 0.05 BTC for a project: taxed at general rates.
– Investor realizes €15,000 profit trading on WEEX: taxed according to the three bands (19% to 23%).

Crypto Losses in Spain

Crypto investments come with risk, and the Spanish tax