Finance liquor shakes the Spanish Bitcoin and cryptocurrency ecosystem. The Directorate of Tax Affairs (DGT) has issued a binding consultation (V0935-25) that reveals that digital assets are considered “intangibles” rather than money.
This decision redefines the sale of goods such as real estate acquired through Bitcoin and cryptocurrency. Creates an obligation to settle real estate transmission tax (ITP) A troublesome transmission mode.
This change breaks financial analogy as the Directorate of Transport (DGT) has abandoned its own previous doctrine (V2407-23) that Bitcoin had identified with the currency of VAT. Now for the ITP, he removes them from its nature and makes it a simple “immaterial good.”
The new standards establish that all natural or legal entities acquired by Bitcoin or other digital assets in exchange for goods must be paid in accordance with the market value of the digital currency. This obligation exempts VAT and enables ITP tax levies unless the cryptocurrency you send functions as an entrepreneur or professional.
The tax base is determined Depending on the market value or cryptocurrency of Bitcoin used in the operationfor the declared value or agreed price, if this is large, for the agreed price. The applicable types of taxes are established by the respective local communities for mobile property and can significantly increase the tax burden.
This decision creates immediate legal controversy. Analysts show contradictions at the Ministry of Finance. This applies exemptions to digital assets with foreign currency in the case of VAT. “It’s a harmful and contradictory standard,” warns economist Emilio Perez Pombo.
This measure completely affects transactions between individuals. Anyone who sells floors and receives payments in Bitcoin must take on the surplus value of the local governmentthe buyer loads the ITP for the cryptocurrency value and creates a double charge on the same operation.
The ruling distracts the country from international trends, discourages it from using Bitcoin as a payment instrument, and as Cryptonoticia mentioned earlier, it places a significant financial burden on assets that have been increasingly accepted between citizens and entrepreneurs.