A Spanish Lamarchian financing investor (Defi) received 9 million euros ($ 10.5 million) in rear taxes to obtain a backed loan, according to a local media report.
On Thursday a reportOutlet Outlet Devalitista Digital said it had obtained documents that shows that the investor has already announced all cryptocurrencies and paid $ 5.84 million of taxes.
Three years later, the authorities issued an additional bill that is not related to unannounced profits, but to do asset deposit in the Defi Protocol in exchange for a loan. The report said that the assets were not sold, and no profit was achieved.
A tax advisor adapted from the report said that the local tax agency “imposed taxes on something, from any economic or legal perspective, is not income.” The consultant added that the movement of assets in the Defi protocol was treated as achieved gains and was “an explanation that has no legal basis in Spanish or European legislation.”
The report said that Agencia Estatal de Administración Tributaria (AEAT) classifies a Stablecoin loan as a capital gain and transfer the distinctive symbol to protocols such as fat or taro as taxable events.
Critics argued that this classification contradicts Article 33 of the Personal Income Tax Law in Spain, which defines capital gains as it requires real economic benefit and change in net value.
According to the report, the situation reflects a problem with the local tax enforcement system.
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Explanation of the encryption tax in Spain
The tax agency in Spain warns of tax encryption for years, and send them 328,000 warning notifications For taxes for encryption for the fiscal year 2022 in 2023, followed 620,000 similar notifications after a year. Local organization also required Local encryption users to announce their foreign possessions at the end of March 2024.
According to June reports, AEAT can access The seizure of encryption holdings if the tax obligations are not fulfilled. The report suggested that Spanish citizens do not have a fair asylum path when the tax agency makes a mistake.
Related to: The Spanish bank suggests that customers allocate 7 % of the encryption
Spain’s first tax appeal line is the Economico-EdinistTivo Center (Teac), an administrative body within the framework of the Ministry of Finance. In 2020, the European Court of Justice (ECJ) detained Tea is not a “court or court” independent of the European Union law.
The report added that TEAC is an administrative court under the authority and control of the local Ministry of Finance. ECJ said that the government appoints court officials, who suffer from the same authority who review their decisions.
magazine: The best and worst country for encryption taxes – in addition to encryption tax advice
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