The Spanish tax agency is intensifying tax controls and, among other things, has been focusing for the second year on taxpayers, who carry out cryptocurrency operations.

Spain is intensifying Tax control for Cryptocurrency Traders and registering an enormous increase

The Spanish tax agency is intensifying tax controls and, among other things, has been focusing for the second year on taxpayers, who carry out cryptocurrency operations.

Tax agency does not even take into account the current COVID19 health crisis and the controls have already started on 1 April and will last until 30 June.

For cryptocurrency traders, agency plans several times more controls , because see an enormous increase compared to last year, from 14,700 notifications to around 66,000 notifications.

Spain started increased the number of notifications already last year, thanks to the new information exchange systems, computer reservation system and the new bank account agreements with the United States of America.

Source: EuropaPress

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Publication author offline 4 hours Katie Müller 3 Comments: 0 Publics: 169 Registration: 15-02-2020