Spain: a fourfold increase of Bitcoin investors

by in Cryptocurrency News

Spain tax Bitcoin investors

The Spanish Tax Agency will send notifications to taxpayers who carry out operations with cryptocoins. The agency noted that over the year their number has quadrupled. This is reported by Europa Press.

Related: New Zealand wants to exempt crypto from double taxation

For the first time, Spanish crypto investors received notifications from the tax last year, their number was 14.7 thousand. This year, AEAT from April 1 to June 30 will send similar reminders to 66 thousand taxpayers.

The tax authorities emphasized that the distribution schedule will not be violated, despite the COVID-19 epidemic raging in the country.

Operations with cryptocurrencies attracted the attention of the agency in the framework of strengthening control over the income of citizens abroad.

Recall, in March its was reported that Australia's tax regulator would remind crypto traders of tax liability. This would happen by sending emails or regular letters.