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Why Koinly doesn't work well for the Spanish IRPF model

Technical analysis of why Koinly doesn't correctly generate the Spanish income tax return report and how to solve it.

Equipo kointax·June 19, 2025·6 min read

Why Koinly doesn't work well for the Spanish IRPF model

Main issues:

  1. Staking classification: Koinly classifies staking as generic "income", but Spain requires it as "rendimiento del capital mobiliario" (capital income) at market value on reception date.

  2. Swap treatment: In Spain, all crypto-to-crypto swaps are "permutas" generating gain/loss immediately. Koinly may classify these incorrectly.

  3. FIFO particularities: Spanish FIFO has specific rules for donations, inheritances, and repurchase within 2 months.

Solution: kointax was built for Spanish regulations from day one.

👉 Fix your IRPF problems with kointax

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