The Spanish Tax Administration has issued an "Overseas Virtual Asset Tax Return", requiring Spanish citizens to declare their crypto assets held on overseas Crypto Assets platforms between January 1 and March 31, 2024. As of December 31, 2023, individual and business taxpayers are required to declare the amount of funds stored in their offshore Crypto Assets accounts. Only individuals with more than €50,000 (about $55,000) in crypto assets on their balance sheet are obligated to declare their overseas assets. Users who store assets in self-custody Wallets must report their assets through standard Wealth Tax Form 714.


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