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Spanish Tax Authority Issues 14,800 Warning Letters to Cryptocurrency Holders
Summary: Spanish authorities are enforcing their tough stance on the cryptocurrency industry, and the national tax agency seems to be taking it very seriously. Now, the Hacienda issued 14,800 warning letters to Spaniards under their watch for allegedly having failed or need to declare crypto holdings. Spanish crypto holders should declare their earnings in the tax ...
Spanish authorities are enforcing their tough stance on the cryptocurrency industry, and the national tax agency seems to be taking it very seriously. Now, the Hacienda issued 14,800 warning letters to Spaniards under their watch for allegedly having failed or need to declare crypto holdings.
Spanish crypto holders should declare their earnings in the tax filings, and if they fail to do it, Hacienda said they could incur fines of over 5,000 euros ($5,900).
By Amy Liu
Tags: Cryptocurrency,Spanish,Tax Authority
Link: Spanish Tax Authority Issues 14,800 Warning Letters to Cryptocurrency Holders [Copy]
