Spanish Treasury Requires Investors to Declare Holdings in Cryptos By DailyCoin – Investing.com
- Date: 22-Dec-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Spanish Treasury Requires Investors to Declare Holdings in Cryptos By DailyCoin – Investing.com
Investors and other users of bitcoin and other cryptocurrencies in Spain are required to declare their possessions to the Ministry of Finance. This is how the laws of this country that have been regulating the sale and storage of crypto assets turned out.
The tax authorities have begun to request the delivery of detailed information on the cryptocurrencies in the possession of the public during the last four fiscal years, as reported by the Spanish website The Objective.
The government agency has already begun to send taxpayers in the letters that request to be sent this information regarding the fiscal years since 2017, although it has not yet submitted a form that includes this information in the annual income statement.
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