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V0250-18 1 February 2018 · SG de Impuestos Patrimoniales, Tasas y Precios Públicos Criterion in force
IP · bitcoins

Bitcoins and cryptocurrencies must be declared in Wealth Tax at market value

The DGT confirms that Bitcoin and cryptocurrencies must be included in the taxable base at their market value as of 31 December.

The question raised

Applicability of taxation in Wealth Tax. Value to be declared.

The DGT's ruling

Bitcoins and other cryptocurrencies must be declared in Wealth Tax at their market price determined on the accrual date, which is December 31 of each year. This applies in accordance with the ownership of the set of assets and rights of economic content held by the taxpayer.

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