RATE Group | Spain Monitors Cryptocurrency Investors to Prevent Tax Evasion
49962
post-template-default,single,single-post,postid-49962,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Spain Monitors Cryptocurrency Investors to Prevent Tax Evasion

22 Nov Spain Monitors Cryptocurrency Investors to Prevent Tax Evasion

Posted at 07:32h in Cryptocurrency News by

[ad_1]

Spain Monitors 15,000 Cryptocurrency Investors to Curb Tax Evasion

Taxes

Spain’s Ministry of the Treasury has identified 15,000 cryptocurrency investors it will monitor to prevent tax evasion and money laundering, according to local media reports. The ministry has vowed to ensure that the investors pay taxes on capital gains from digital currency transactions and that they declare any other benefits accrued from trading.

Also Read: KPMG: Institutional Investment Key to Cryptoassets Growth

 ‘Opaque’ Ownership

According to Spanish daily newspaper El Pais, the country’s tax agency — the Agencia Estatal de Administración Tributaria (AEAT) — plans to monitor “the fiscal incidence of these new technologies, such as blockchain and, especially, cryptocurrencies,” to curb tax-related fraud and stamp out money…

[ad_2]

Source link

Tags:
, , , , , ,