The Council has reached an agreement on its position on amendments to the Directive on administrative cooperation in tax matters. These amendments mainly focus on the reporting and automatic exchange of information on income derived from cryptocurrency transactions, as well as on the disclosure of information on previous tax rulings for high net worth individuals.… Continue reading Tax advisor: Tax cooperation in the European Union for cryptocurrencies and high net worth assets
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Tag: cryptoassets
Tax advisor: Taxation and control in the investment of cryptoassets
Some 12% of the Spanish population currently holds investments in cryptocurrencies. This growing trend has led the tax authorities to ask companies to declare their clients’ cryptocurrency balances. However, what is the difference between a cryptocurrency and a cryptoasset? When should the corresponding declaration be made for each of them? Several questions arise regarding this… Continue reading Tax advisor: Taxation and control in the investment of cryptoassets