The 2023 Income Tax Return campaign begins on April 3, and this year it comes with news for cryptocurrency holders in Spain, who will have to enter their purchases, sales, exchanges and staking in new boxes on the Income Tax form specifically for this purpose.
New boxes in the 2023 Income Tax Return
It is necessary to record gains and losses from cryptocurrencies as investment income when filing your Income Tax Return. Although this is not new, the Tax Agency modifies the forms every year to include the necessary information and calculate the final amounts.
Just like last year, in 2024, the Income Tax Return has a section dedicated to cryptocurrencies, which covers from box 1800 to 1814. For example, in boxes 1802 and 1803, the taxpayer must indicate the cryptocurrencies exchanged and received respectively; in boxes 1804 and 1806, the exchange and acquisition values must be entered to calculate the gains or losses in each transaction.
As for the the amounts that must be paid to the Treasury, the sections are as follows:
- For profits from operations carried out with cryptocurrencies less than €6.000, the payment is 19% of the profit.
- If they are greater than €6.000 but less than €50.000, it will be 21%.
- Between €50.001 and €200.000, 23%.
- Between €200.001 and €300.000, 27%.
- Above €300.001, 28%.
Regarding losses, those recorded during a fiscal year may be used in future tax returns, acting as a type of balance to offset possible future gains, with a maximum limit of 4 years.
Bit2Me Tax helps you with Income 2023
Bit2Me Tax is the tool that all Bit2Me users have available to download the data necessary to file their tax returns in relation to their cryptocurrencies. This year they have introduced new features regarding the launch of the tool in 2023.
- Fiscal Report 2023: Now you can generate and download your 2023 tax report directly from our App. Keep your records up to date and prepare your taxes more efficiently and in just two clicks from the Bit2Me App in the 'Tax' menu. To do this you must be at least Space Center level 1. If you haven't reached Space Center level 1 yet, don't worry, you can join Space Center to get these and more benefits only for €20 from B2M.
- Adaptation to Treasury specifications: We have adapted our tax reports to the new specifications of the Tax Agency in Spain. This includes changes to the taxation of the user's personal income tax in accordance with the latest regulations.
- Download previous reports: In addition to the current year's report, you can also access and download reports from previous years.
- Appointments with tax advisors: Starting April 3, you will be able to schedule your appointment with a tax advisor directly from our application and web platform. Get the professional advice you need to optimize your tax situation.
- Excel download of movements: You can also download for free an Excel file with all your movements in Bit2Me during 2023 and so far in 2024. This way you can have exhaustive control of all your records and do it for free.
Dates of the 2023 Income and Wealth Tax campaign
The first new feature of this 2023 Income Tax campaign is a change in the start date of the same. According to the AEAT itself, the first date that must be taken into account to prepare the 2023 Income and Assets declaration is the April 3. From that day on and until July 1 Income and Wealth Tax returns for 2023 can now be submitted online.
From May 7 to July 1, 2024, the Tax Agency will be able to prepare the 2023 Income Tax Return for taxpayers who so wish at the AEAT telephone offices. To do so, an appointment must be made from May 29 to June 28.
On the other hand, from June 3 to July 1, the Tax Agency will be able to make the Income Tax returns of taxpayers in person at the offices of the AEAT. To do so, an appointment can be made from May 29th to June 28th.
To make an appointment, you can do so online or by calling 91 535 73 26 / 901 12 12 24 or 91 553 00 71 / 901 22 33 44.
The campaign of Statement of income It has already arrived and this year the Treasury has introduced some new features for declaring cryptocurrencies. Specifically, with boxes ranging from 1800 to 1814 and also with various information models that, although they do not apply to all users, could affect some.
To make filing your tax return as easy as possible and to stay up to date with the Spanish tax authorities, Bit2Me launched the Bit2Me Tax feature in 2023. With it, Bit2Me users could download a tax report with all the purchase, sale, swap and staking transactions on our platform to fill in the corresponding boxes on their tax return. And this year we have improved it!
