El cryptocurrency staking It is one of the topics that has generated the most doubts among cryptocurrency users when making the purchase. statement of income. Therefore, from Bit2Me, the leading digital asset platform in the Spanish-speaking market and registered with the Bank of Spain, we want to answer all the questions and queries that may arise in this campaign, to help users declare cryptocurrencies. correctly.
Thus, to know how you should include the rewards generated by cryptocurrency staking in your declaration form, Aktion Legal tax lawyer and cryptocurrency tax specialist, Patricia Navarro, clarifies that these rewards in cryptocurrencies, regardless of the blockchain network from which they are obtained, must be included in the income tax return form, specifically, as income from movable capital, which refers to the profits or dividends obtained by users from the possession of financial assets.
Navarro commented that:
“The return on staking is independent of how it is generated (or) in what type of cryptocurrency it is generated, in the end this return is considered a return on movable capital which, directly due to the value of the day on which it is obtained, that amount is which goes directly to the tax data,” the expert pointed out.
The cryptocurrency tax specialist also specified that the rewards generated by staking cryptoassets are considered a return on movable capital that must be declared taking into account the value of the day on which they were obtained these rewards.
Navarro also commented that Bit2Me users can directly access this data in the report generated through Bit2Me Tax.
Bit2Me Tax helps you with Income 2023
Bit2Me Tax is the tool that all Bit2Me users have available to download the necessary data to make their income tax return in relation to your 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.
- Downloading 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 an Excel file for free 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.
