Crypto Taxes in Spain 2026 – Your Complete IRPF Guide

Spain taxes cryptocurrency under the IRPF (Impuesto sobre la Renta de las Personas Físicas). This guide explains how crypto gains, income, and disposals are taxed by Hacienda.

How Spain Taxes Cryptocurrency

In Spain, the Agencia Tributaria (Hacienda) classifies cryptocurrency as an asset. Gains from selling or trading crypto are treated as capital gains (ganancias patrimoniales) and reported under IRPF – Spain's personal income tax. Crypto is not treated as currency for tax purposes.

Capital Gains Tax Rates in Spain

Spanish capital gains are taxed at progressive rates on the ahorro (savings) base:

• Up to €6,000: 19%
• €6,001 – €50,000: 21%
• €50,001 – €200,000: 23%
• €200,001 – €300,000: 27%
• Over €300,000: 28%

What Counts as a Taxable Event

• Selling crypto for euros or another fiat currency
• Swapping one cryptocurrency for another
• Using crypto to pay for goods or services
• Receiving crypto as payment for work (treated as employment income)
• Mining rewards (reported as economic activity income)

Cost Basis Method in Spain

Spain uses FIFO (First In, First Out) for cost basis calculations. The oldest units you hold are treated as sold first. You cannot choose alternative methods like LIFO or HIFO.

Modelo 100 – IRPF Filing

Report all crypto gains and losses on Modelo 100 (the annual IRPF return). Include each disposal with purchase date, purchase price (cost basis), sale date, sale price, and the resulting gain or loss. The filing deadline is typically June 30 for the prior tax year.

Modelo 720 – Overseas Asset Declaration

If you hold crypto on foreign exchanges with a combined value exceeding €50,000, you must declare this on Modelo 720. The penalties for non-disclosure have historically been severe, though the Constitutional Court has ruled against some penalty provisions. Consult a Spanish tax advisor for current requirements.

Staking and DeFi Income

Staking rewards and DeFi income are treated as income from moveable capital or economic activity income depending on the nature of the activity. They are taxed when received at fair market value. Subsequent gains on those tokens are also subject to capital gains tax when sold.

Reporting Tools

Crypto tax software can calculate your FIFO-based gains for Spain and help you prepare the data needed for Modelo 100. Export your complete transaction history and use software that supports Spanish tax rules.

Disclaimer: This article is for general informational purposes only and does not constitute tax advice. For individual tax advice, consult a licensed tax professional.