Crypto tax in Spain in 2026

7 min read · Published 6 October 2026

From 19% to 30% on gains under the savings income scale, and even a coin-to-coin swap is taxed. Crypto on foreign platforms above 50,000 euros needs a separate return. How to calculate it and what to declare.

Item	In 2026
Rate for individuals	19% to 30% on the savings income scale
Holding period relief	none
Coin-to-coin swap	taxed as a sale
Staking	capital income on the same scale
Losses	carried forward 4 years
Tax return	annual, plus an information return on foreign crypto above 50,000 euros
Data exchange	from 2027, data collected from 2026

Data checked 2026-10-06

Spain taxes an individual's crypto gains as savings income on a progressive scale: 19% on the first 6,000 euros, 21% up to 50,000 euros, 23% up to 200,000 euros, 27% up to 300,000 euros and 30% above that. There is no relief for long holding.

Tax arises on any disposal, including a swap of one coin for another: the Spanish tax agency treats such a swap as a disposal with a gain or loss. Staking rewards are taxed on the same scale as capital income.

Who pays crypto tax in Spain

A Spanish tax resident is someone who spent more than 183 days in the country in a calendar year or has their centre of business or economic interests here. Someone whose spouse and minor children live in Spain is also presumed resident unless proven otherwise.

A resident pays tax on worldwide income, including sales of coins on foreign exchanges. A non-resident pays only on Spanish income.

The special regime for inbound specialists taxes them as non-residents, but it is chosen before moving and with a calculation, because its rules for capital income are different.

Russia suspended the main articles of its tax treaty with Spain from 8 August 2023, so the date of moving and the change of residency must be documented especially carefully. More on the Spain taxes page.

How to calculate crypto income

Tax is calculated on every sale and every swap: the euro value received on the deal date minus the purchase price and costs. Coins are disposed of first-in first-out: the earliest coins of the same kind are sold first.

The year's gain is added to other savings income and taxed on the 19% to 30% scale. A loss reduces gains of the same year, and an unused balance is carried forward for the next 4 years.

Paying for goods and services with crypto also counts as a sale. Every deal on a foreign platform must be valued in euros, so records are kept from day one.

Situation	Calculation	Tax
Bought coins for $10,000, sold for $15,000	$5,000 × 19%	$950
Swapped a coin for another with a $3,000 gain	the swap is taxed: $3,000 × 19%	$570
A $20,000 gain for the year	19% on the first ~$6,700, 21% on the rest	$4,066
Staking rewards of $1,000	capital income: $1,000 × 19%	$190
A $2,000 loss last year, a $6,000 gain this year	loss carried forward: ($6,000 - $2,000) × 19%	$760

Amounts in US dollars at the European Central Bank rate of 6 October 2026, tax rounded; the scale thresholds are set in euros.

In Spain every coin swap is taxed, and foreign holdings above 50,000 euros need a separate return

The usual mistakes are in three places: not treating a coin-to-coin swap as a sale, although Spain taxes it, mixing up the order in which coins are disposed of, and forgetting the information return on crypto held on foreign platforms. We collect trades from all exchanges, calculate gains on a first-in first-out basis, carry forward past losses, spread income across the scale and prepare the reporting and a package for the bank.

The cost of support depends on the number of trades and platforms; a manager will calculate it in the chat.

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Mining and staking

Mining is taxed as a business activity on the general income tax scale: income minus electricity and equipment costs. A miner needs to register the activity.

Staking rewards are taxed as capital income on the 19% to 30% scale when received. Their value on the date received becomes the purchase price on a later sale.

If you are paid in crypto for your work or services, that is employment or business income on the ordinary scale, not a gain on selling coins.

Cashing out crypto and moving it to a bank

You can sell crypto for euros through platforms legally operating in the EU and withdraw the money to a Spanish bank account. The withdrawal itself is not taxed; the tax is calculated on the sale.

Spanish banks check incoming funds from exchanges under anti-money laundering rules and may ask for trade statements, the platform agreement and proof of where the first coins came from.

Banks do not accept deposits above 100,000 euros, about $112,100, from Russian citizens without EU residence, so a large withdrawal is planned together with the status.

Crypto account data sharing

From 1 January 2026 the EU directive on exchanging crypto-asset data applies: platforms collect data on clients' trades, and the first exchange between tax authorities takes place in 2027.

A Spanish resident holding more than 50,000 euros, about $57,000, in crypto on foreign platforms and with foreign custodians on 31 December files an information return between January and March of the following year. Large fortunes including crypto also count towards wealth tax under regional thresholds.

If sales and assets were not declared in past years, it is safer to correct them yourself before the tax office sends a request.

Licences for crypto companies in Spain

Companies that exchange, hold or transfer clients' crypto in the EU operate under a crypto-asset service provider authorisation under the EU Markets in Crypto-Assets Regulation. In Spain it is issued by the National Securities Market Commission.

A Spanish company's profit is subject to corporate tax, with a reduced rate for new companies in their first years. A comparison of countries for a licence is in our article on the crypto licence.

An international project without Spanish clients often finds a licence in another country more convenient, and a Spanish company is set up for a related business.

Murblz sets up crypto companies and licences in these services: crypto licence: countries and costs, crypto licence in Estonia, BVI company with a virtual asset service provider licence.

This topic in other countries

Crypto tax in other countries:

Taxes, relocation and business in this country:

Where crypto is not taxed at all is covered in countries with no crypto tax.

FAQ

What is the crypto tax in Spain in 2026?

Gains are taxed on the savings income scale: 19% on the first 6,000 euros, then 21%, 23%, 27% and 30% above 300,000 euros.

Is swapping one crypto for another taxed in Spain?

Yes. A coin-to-coin swap counts as a sale, and the gain is taxed on the 19% to 30% scale.

How is staking taxed in Spain?

As capital income on the same 19% to 30% scale when the reward is received.

Can a crypto loss be carried forward in Spain?

Yes, an unused loss is carried forward for the next 4 years.

Do you have to declare crypto on foreign exchanges in Spain?

Yes, if more than 50,000 euros is held on foreign platforms on 31 December: the information return is filed between January and March.

How is mining taxed in Spain?

As a business activity on the general income tax scale: income minus costs.

Who is a Spanish tax resident?

Someone who spent more than 183 days in the country in a year or has their centre of business interests here, and also with family in Spain unless proven otherwise.

Will the Spanish tax office know about exchange trades?

Yes. From 2026 platforms collect data under the EU directive, and the first exchange between tax authorities is in 2027.

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Crypto tax in Spain in 2026

Who pays crypto tax in Spain

How to calculate crypto income

Mining and staking

Cashing out crypto and moving it to a bank

Crypto account data sharing

Licences for crypto companies in Spain

This topic in other countries

FAQ

Don’t want to figure this out alone?

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