Spain Will Tax Crypto Holders Despite COVID-19

e_abrams

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The situation in Spain may be difficult considering the health crisis but the local tax agency - Agencia Estatal de Administración Tributaria (AEAT) – continues sending notices to the cryptocurrency traders under its jurisdiction. They can expect such notices to be sent between April 1st to June 30th. The country has about 66,000 local cryptocurrency investors. The agency is also collecting data from over 60 cryptocurrency platforms and exchanges.

Spain has been taxing digital currencies under the capital gains tax laws. According to the agency’s data, this year the number of sent notices has increased a lot which means there has been a surge of cryptocurrency investors, likely due to social distancing policy.
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I just hope these money will go toward something useful.