Spain Crypto Tax 2026: Rates, Brackets, and MiCA Compliance
A clear guide to Spain's crypto taxes — the 19%-28% capital gains brackets, the Modelo 721 declaration, and how EU MiCA rules affect Spanish traders.
Spain treats crypto as a capital asset: when you sell, swap, or spend it, the gain is taxed at progressive savings-income rates from 19% to 28%. As an EU member, Spain also now operates under MiCA, the bloc's unified crypto regulation. This guide covers the tax brackets, reporting duties, and what they mean in practice.
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Spain taxes crypto capital gains at progressive savings rates: 19% on the first €6,000, 21% up to €50,000, 23% up to €200,000, and 27-28% above €200,000. Spanish residents must also declare foreign crypto holdings over €50,000 via Modelo 721.
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Capital gains brackets
Spain applies the same progressive savings-income scale to crypto as to other investments. Gains are taxed in brackets: 19% on the first €6,000, 21% from €6,000 to €50,000, 23% from €50,000 to €200,000, and 27-28% above €200,000. Only the gain — the difference between what you paid and what you sold for — is taxed.
Reporting and MiCA
Spanish residents must report crypto holdings and report foreign accounts via Modelo 721 when foreign crypto assets exceed €50,000. On the regulatory side, MiCA (the EU's Markets in Crypto-Assets regulation) now sets a single licensing and consumer-protection framework across Spain and the rest of the EU — meaning exchanges serving Spanish users must be MiCA-compliant.
Spanish crypto taxes are progressive but predictable: know your bracket, file Modelo 721 if you hold assets abroad, and use a fee rebate to keep trading costs down. Compare exchange rebate rates before you trade.
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What is Spain's crypto tax rate?
19% to 28%, progressive — 19% on the first €6,000, 21% up to €50,000, 23% up to €200,000, and 27-28% above that.
Do I need to declare foreign crypto in Spain?
Yes, via Modelo 721, if your foreign crypto holdings exceed €50,000.
Does MiCA apply to Spain?
Yes. As an EU member, Spain operates under MiCA, the bloc's unified crypto licensing and consumer-protection framework.