This FAQ covers the essentials of crypto taxes in Spain for the 2026 tax year. You’ll learn how crypto is taxed, which forms to file, and what to do about mining or staking.

Is crypto taxable in Spain?

Yes—if you are a Spanish tax resident, cryptocurrencies are taxable assets. Spain treats crypto broadly like property or shares, so most disposals (sales, trades, spending) can create a capital gain or loss that must be reported on your income tax return.

This applies whether you use a Spanish exchange or a foreign one. As a resident, you are taxed on your worldwide income, so crypto held abroad is also within the Spanish tax net.

What is the crypto tax rate in Spain?

In Spain, short- and long-term crypto gains are taxed as savings income at progressive rates from 19% to 27% (as of recent tax years: 19% up to €6,000; 21% from €6,001 to €50,000; 23% from €50,001 to €200,000; 27% above €200,000).

However, income from mining, staking, or airdrops is not savings income—it’s taxed as general income using your personal marginal tax bracket, which can be considerably higher. Always check the current AEAT tables before filing.

Do I pay taxes on crypto-to-crypto trades in Spain?

Yes, swapping one cryptocurrency for another is a taxable event in Spain. The trade is treated as a disposal for capital gains purposes, even if you don’t convert to euros.

For example, if you exchange Bitcoin for Ethereum, you must calculate the euro value of the crypto at the moment of the trade and compare it with your acquisition cost. Any gain is taxable, and any loss may be offset against other crypto gains.

How do I report crypto taxes in Spain?

You report crypto capital gains, income, and losses on Spain’s annual income tax return, known as Modelo 100 (IRPF), using the standard tax filing deadlines (usually April to June 30).

If you hold crypto abroad and the value exceeds €50,000, you must also file the Modelo 720 foreign asset declaration between January 1 and March 31. This is a reporting requirement, not a tax itself, but it carries large penalties if not filed.

How are crypto mining and staking taxed in Spain?

Cryptocurrency mining and staking rewards are generally treated as irregular or regular income at their fair market value in euros when you receive them.

Mining may also be considered an economic activity, so you may need to register as self-employed and pay additional business taxes (IRPF schedule and sometimes VAT implications). Staking rewards from DeFi are taxed as income, and any later sale is a separate capital gain or loss.

Do I need to declare small crypto amounts in Spain?

Yes, there is no minimum threshold for declaring crypto gains in Spain—all taxable income, no matter how small, must be included on your Modelo 100.

However, the Modelo 720 foreign asset declaration is only required when your overseas crypto holdings are worth more than €50,000. For the income tax return itself, even a €50 gain is technically reportable.

Are crypto losses deductible in Spain?

Yes, capital losses from selling or disposing of cryptocurrency can be offset against capital gains from any type of asset, and any unused losses can be carried forward for four years.

To claim a loss, you must be able to document the acquisition cost and disposal value. Losses from gambling are not deductible, and losses cannot be offset against general income.

What are the penalties for not declaring crypto in Spain?

Failing to declare crypto taxes in Spain can trigger late-filing surcharges, interest, and fines that range from 50% to 150% of the tax owed, depending on whether the mistake is considered negligent or fraudulent.

If you also fail to file Modelo 720 for foreign crypto, additional fines for each item may apply, and in extreme fraud cases criminal tax charges are possible. It’s never worth the risk.

Final Thoughts

Tax rules for crypto in Spain are strict, but with careful record-keeping, you can stay compliant and avoid surprises. Track every buy, sell, swap, and reward in euros, and don’t assume an exchange gives you everything you need.

Because crypto tax guidance can change, review the official AEAT website or consult a Spanish tax advisor before filing your 2026 return.