Spain Reinforces Crypto Rules: Citizens Must Declare Foreign Holdings On Tax Forms
Spanish residents who hold any crypto assets on any non-Spanish platforms will be required to declare the assets by Mar. 31, 2024. What Happened: According to CoinTelegraph, Agencia Tributaria, or The Spanish Tax Administration Agency, published a tax declaration form for virtual assets abroad, Form 721 on its website. It was first revealed in the BoletÃn Oficial del Estado, the Kingdom of Spain’s official state gazette, on July 29, 2023. The form has a submission period starting from Jan.1, 2024, and ending on the last day of March. Individual and corporate taxpayers will have to declare cryp…
