Spanish Ministry of Finance delays definition of crypto tax filing model until next year

The Spanish Ministry of Finance has announced that it will delay the establishment of a complete framework for tax reporting related to crypto assets until 2023. While the Spanish government has made progress in cryptocurrency regulation, exactly who and how it will be taxed remains a mystery to traders and holders. The organization is still looking for information to effectively control these tax statements. With this resolution, traders and holders of cryptocurrencies will have to wait until these models are developed before they can declare their holdings and earnings and determine the amount they must pay. The models stem from the anti-fraud law approved in July, which sets out several obligations for users of cryptocurrencies held outside Spain, and VASPs (virtual asset service providers).