Cryptocurrencies for freelancers in Spain: tax guide
Receiving crypto as payment: Business income (economic activity) at market value when received. Must issue invoice in euros with VAT (if applicable).
VAT on crypto payments: Applies normally. Base = euro value of crypto received. Example: 0.01 BTC at €90,000 → base €900 → VAT €189 (21%).
Deductible expenses for crypto freelancers:
- Analysis tools (TradingView, market data)
- Specialized hardware (proportional professional use)
- Tax platform subscriptions (kointax) ✓
- Training (trading, blockchain, tax courses)
- Tax advisor fees
Social security contributions: Must register as autónomo. Contributions deductible in IRPF.
kointax generates separate reports for personal investment vs business activity.