I would like to make sure in tax matters. Let's say I'm a tax resident in Spain and I use Bitcoin Debit Card issued in England or Lithuania. I understand, that i have to pay all taxes from deposits on that cards in Spain, right?
Sorry if it is off top for this thread, but i'm sure that if you use this cards, you have to know things like this.
Have a look at the card limits:
Card limits
Maximum monthly transactions limit €15 000
Maximum annual transactions limit €20 000Maximum card payment limit per day €3 000
Maximum per ATM transaction €1 000
Daily ATM withdrawal limit €1 000
Minimum ATM withdrawal limit €10
The maximum annual transaction limit (the maximum amount you can ever spend with the card each year) is only €20 000. So taxes are negligible.
I think you're confusing the Mistertango card from the Mistertango account. You will be depositing money into the account (not the card). The account itself is a regular IBAN account. You can deposit as much money as you like into this account for as long as you can justify the source of those funds. They will close your account if they suspect money laundering, just like what happened to this guy's account:
https://bitcointalksearch.org/topic/warning-mistertango-bankexchange-2029966The card is linked to the account and it's the card which has transaction limits. Not the account.
If you are a tax resident of Spain, you might need to declare your Mistertango deposits to Spanish tax authorities if the total monetary value of your assets outside Spain (not only the Mistertango account but all other accounts you might have) exceeds the threshold stipulated by the Spanish authorities. Here it is:
Tax resident individuals are obliged to report (720 Form) the following assets and rights located outside of Spain to the Tax Authorities:
- Accounts in which the individual is the titleholder, or in which he is representative, authorized person or beneficiary, or in which he has disposal powers.
- Securities, rights, insurance and life or temporary annuities.
- Real estate or rights on real estate.
There will be no reporting obligation for those assets or rights which value (
considered in aggregate for each group of assets listed above) is
lower than Euros 50,000. The deadline for filing the 720 Form is from 1 January to 31 March of the year following that for which the information must be reported.
Hope this helps.