The investments in virtual currencies They have skyrocketed in Spain in recent years, to such an extent that 11% of residents in our country have invested in them. Is about four million peopleaccording to TaxDown.
For this reason, in the previous income campaign, the executive presented as a novelty the creation of a series of specific boxes (1626 and following) to present these assets.
This year, with the start of the income campaign, the Treasury has informed about the types of taxpayers on which it will focus its notices during these months. In this sense, the Tax Agency will send 328,000 notifications to cryptocurrency investors, which is 40% more than last year and 2,116% more than in 2021, as confirmed by TaxDown.
However, it must be taken into account that in Spain there is no specific rule that regulates the sale of cryptocurrencies, so they are governed by the normal treatment of capital gains and losses caused by the transmission of elements.
In this sense, only those taxpayers who have sold or traded in 2022 any of these virtual currencies, regardless of whether profits or losses have been made in the process. But those who simply bought them and did not make a move with them will not have to, as TaxDown explains in their cryptocurrency filing guide.
Income from abroad and landlords
Although the Treasury is only increasing notices for investments in virtual currencies, the 2022 campaign will also place special emphasis on other types of taxpayers. Thus, as last year, the largest number of notifications that the Tax Agency is sending are related to the income from other countries. Therefore, those tax residents in Spain who obtain income from real estate or other income from abroad will receive a total of 807,000 notices.
On the other hand, in recent days the Government has announced an agreement for the approval of the new housing lawa, which aims to limit rental prices and support tenants. However, in this context, the Treasury has reduced the number of notices to the owners of rental properties for this year, which will reach 661,000, 7% less than the previous year, according to TaxDown.
“Despite the increase in the number of notices from the Treasury to cryptocurrency investors, many taxpayers still do not know if or how they are required to present these assets. To facilitate this task, TaxDown has a specific function to declare these virtual currencies quickly and easily”, explains Enrique García, CEO of TaxDown, and adds “In addition, we have also prepared a guide that explains in which cases this process must be carried out and how to do it”.
