Post
Topic
Board Legal
Re: tax on bitcoin profits?
by
darkangel11
on 31/05/2017, 21:45:23 UTC
Hey Serpens66,

I moved from Germany to Spain and just got into the tax issue too. As far as I'm aware there's no 1 year differentiation here any more. Trading profits always count as savings income, so the base del ahorro (max 23%) applies, no matter how long you held.

Sources:
http://www.bolsamania.com/declaracion-impuestos-renta/como-tributan-los-bitcoins-en-la-renta/
https://noticias.infocif.es/noticia/tributacion-de-los-bitcoins
They are getting greedy it seems. Someone noticed the increased value and rising popularity and pushed through a "better" option.
"Look, those investors are now going to have a lot of money, why lose an opportunity to get some more cash into our budget?"

Also I'm amazed that they have such high taxes for high income. 45% tax? WTF? It saddens me that Spain is ruled by socialists.