Bitcoin in Spain | Bitcointalksearch.org

Shawshank

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Quote from: LeChatNoir on September 06, 2015, 01:20:22 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/

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-is-vat-exempt-in-spain/
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.

LeChatNoir

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Coinpanion.io - Copy Successful Crypto Traders

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?

Gofio

sr. member

Activity: 336

Merit: 250

Quote from: svirus on March 26, 2014, 08:20:10 AM

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 ?

Shawshank

legendary

Activity: 1623

Merit: 1608

Quote from: svirus on March 26, 2014, 08:20:10 AM

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.

svirus

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Hi

This is same in Canary Islands ? or there are have other taxes law ?

Thanks in advanced

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: Shawshank on December 03, 2013, 01:15:56 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.

So that's the official answer. Thanks.

In Germany, it is about 20% and in France it is crazy (about 50%).

Quote from: elbill on December 03, 2013, 01:20:21 PM

Spain is very close to gibraltar, so no problem, come to spain and enjoy the party and paella

I will. Thanks.

elbill

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frantorres_995 at socialmedia

Spain is very close to gibraltar, so no problem, come to spain and enjoy the party and paella

Shawshank

legendary

Activity: 1623

Merit: 1608

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.

cyclops

legendary

Activity: 1162

Merit: 1001

Quote from: joshka on December 03, 2013, 10:42:23 AM

Quote from: BitAddict on December 03, 2013, 09:02:44 AM

Quote from: Asurmen on December 03, 2013, 04:56:43 AM

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?

24% of the benefits

Anillos2

legendary

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If You can sell them carefully, You could bypass taxes.

Si puedes venderlos con cuidado, podrías baipasear los impuestos.

joshka

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Quote from: BitAddict on December 03, 2013, 09:02:44 AM

Quote from: Asurmen on December 03, 2013, 04:56:43 AM

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?

cyclops

legendary

Activity: 1162

Merit: 1001

Quote from: BitAddict on December 03, 2013, 09:02:44 AM

Quote from: Asurmen on December 03, 2013, 04:56:43 AM

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!

BitAddict

legendary

Activity: 1190

Merit: 1001

Quote from: Asurmen on December 03, 2013, 04:56:43 AM

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.

Asurmen

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Now no problem, it's not taxed or regulated.

superresistant

legendary

Activity: 2156

Merit: 1131

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

Topic: Bitcoin in Spain (Read 2565 times)