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Everyone who owns or trades cryptocurrencies has a legal obligation to comply with local tax regulations, in Spain, for instance, you have the obligation to bookkeeping and to submit declarations for the holding of crypto-assets, as for the realized gains or losses. For this reason, I help people with their bookkeeping in order to obtain the necessary reports to submit the relevant tax declarations.
Crypto Taxes Declarations
We will prepare all the necessary documents to submit the declarations required by the tax authorities.
In order to offer you more complete support, I collaborate with a tax advisory firm with offices in Girona, Barcelona, Madrid, Andorra and the Balearic Islands.
Cryptocurrency Bookkeeping and Accounting
Without information you can’t make proper decisions, for this reason, we will bring your accounting up to date. With this we will obtain the necessary reports in order to submit the relevant declarations with the tax authorities, and we will have a tool that will allow us to analyze your investments to be able to optimize your investment strategy.
Accounting and Bookkeeping training
If you prefer to manage your accounting yourself, I will teach you how to do it from scratch: steps to consider, fiscal calendar and tools to keep your books up to date.
Submitting Tax Declarations
At the beginning of the year we will meet and bring your bookkeeping up to date in order to submit the relevant declarations within the deadline, “Tax Form 721” (before March 31st), “Personal Income Tax” and the “Wealth Tax”, if applicable (before June 30th).
Strategic Accounting Advisory
In the last quarter of the year it is advisable to carry out a pre-study of the accounting to analyze if it would be advantageous to liquidate any assets before December 31st in order to reduce the impact on the tax declarations. It is a good time to deduct losses if we have them, or to generate gains if we are still in a low tax bracket.
What are the cryptocurrency tax obligations in Spain?
Personal Income Tax.
It is mandatory to declare your capital gains or losses made on the purchases, sales or trades of cryptocurrencies (including trades from one cryptocurrency to another), and the interest or returns obtained through staking, farming, airdrops, lending, etc.
Bookkeeping.
It is mandatory to maintain your bookkeeping up-to-date.
Form 721:
This report requires us to declare the possession of crypto-assets.
Other tax obligations to consider in Spain
Wealth tax must be declared when personal wealth (including crypto-assets) exceeds 500,000 euros.
The gift and inheritance tax when the donations or inheritances are with crypto assets.
The registration of economic activity in the business register: when you operate as a broker or miner, you must register the business and carry out the submitting of recurring taxes.
Update your cryptocurrency taxation and accounting and avoid problems with the tax authorities.
Hire the service that best suits your needs.
Haven’t you carried out your tax obligations in previous years?
Don't worry.
We are always in time to submit a complementary one. We update your bookkeeping, submit the corresponding tax reports and regularize your situation with the tax authorities.
You don't have to take my word for it
See what my customers are saying:
Simion Muntean
Founder bmd.gg
5/5
I have personally experienced the valuable guidance and support that Lucas Sturm has to offer. When I first started investing, I had very little knowledge or experience in the field and was feeling overwhelmed and uncertain about how to move forward. Lucas took the time to thoroughly explain investing concepts to me in a way that was easy to understand and provided personalized recommendations based on my specific goals and circumstances.
Karoll van Duke
CEO Duke LTD
5/5
In addition to his expertise in investing, Lucas also brings a unique perspective to the table due to his diverse life experiences, including the struggles and eventual bankruptcy of his family's business, BioSpirit, and his journey of self-discovery through the Camino de Santiago and Vipassana meditation. This holistic approach has helped me gain a greater understanding of not only how to manage my finances, but also how to live a fulfilling and balanced life.
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I help people acquire knowledge and awareness about cryptocurrencies with one-on-one, hands-on support.
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