The Spanish Ministry of Finance is moving the definition of crypto tax return models to next year-taxes

The Spanish Ministry of Finance has announced that it will be postponed to the establishment of the full framework for declaring taxes in connection with cryptocurrency by 2023. While the Spanish government has made progress in the regulation of cryptocurrencies, the details of what is taxed and in what way are still a puzzle for dealers and owners. The organization is still looking for information to effectively control these tax returns.

The Spanish Ministry of Finance will start the crypto tax requirements next year

The Spanish Ministry of Finance has announced that it will wait until next year to formulate the details of how crypto -related taxes have to be declared. The organization announced in its annual control and Customs control plan for 2022 surprised analysts who expected this would be carried out this year because the cryptocurrency in the country has become more important.

Still looking for information

Even a year before this tax enforcement, the document states that the Ministry of Finance is still looking for sources of information on cryptocurrency transactions in order to better control the statements by taxpayers. For this purpose, the above -mentioned plan determines the following:

[The Treasury] will continue the tasks that have been started in previous years in connection with the procurement of information from various sources in connection with operations that are carried out with virtual currencies.

On this topic, the finance officers call international cooperation as one of the basics for their goal and their participation in international forums to strengthen this cooperation.

Despite this legal vacuum, the Spanish authorities have asked several taxpayers to disclose and declare their crypto -related operations from 2017, 2018, 2019 and 2020 Local media . Lawyer Jesus Lazaro explains that the Ministry of Finance puts the entire weight of the reporting on taxpayers, since the state currently has no data on cryptocurrency transactions.

Finally, the plan leaves new technologies such as NFTs outside of its scope, new elements that have achieved considerable growth last year.

What do you think of the new decision of the Spanish finance ministry, which shifts the development of crypto -specific tax models to 2023? Tell us in the comment area below.

Sergio Göschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game and entered the cryptosphere when the price increase took place in December 2017. He has a background as a computer engineer, lives in Venezuela and is affected by the cryptocurrency boom on a social level. It offers a different perspective on the crypto success and how it helps those who have no bank account and are under-supplied.

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