
New tax obligations for cryptocurrencies in Spain
Among these measures, three new information tax forms have been introduced: Forms 172, 173 and 721, specifically designed to monitor cryptocurrency transactions and balances.
Among these measures, three new information tax forms have been introduced: Forms 172, 173 and 721, specifically designed to monitor cryptocurrency transactions and balances.
These modifications, applicable as of January 1, 2025, aim to adapt tax regulations to economic and legislative changes, making tax compliance easier.
Digitalization has profoundly transformed the global economy, introducing business models that operate without the need for a physical presence in the countries where they offer their services.
To register for REDEME, businesses must meet certain requirements, including the obligation to submit information on their issued and received invoices to the Tax Agency via the Immediate Supply of Information (SII).
Correctly declaring Intra-Community VAT is not just a legal obligation but also a best practice that protects businesses from sanctions and contributes to a more transparent and fair European market.
The administrators become responsible for ensuring that everything related to the company is in order, protecting the assets and complying with legal obligations to avoid penalties.