IRPF
Buying and selling: capital gains calculated correctly
“We determine acquisition and transfer values, fees, exchange rates and traceability so everything reconciles with exchanges and wallets.”
NFT Tax in Spain
Legal and tax advice on NFT tax in Spain: personal income tax (IRPF), VAT (IVA), wealth tax (Impuesto sobre el Patrimonio) and reporting obligations. We analyze your case (buying and selling, minting, royalties, airdrops and professional activity), calculate the tax and leave you a compliance plan with documentation and positions you can defend before the Spanish Tax Agency (Hacienda).
VAT
Minting, sales and digital services
“We analyze whether there is a business activity and how VAT applies depending on the transaction, the customers and the place of supply.”
Royalties
Recurring income: classification and withholding
“We classify the income (income from work or capital vs business activity) and set out the record-keeping and the tax treatment of payments received in crypto.”
Regularization
Avoiding risk: documentation and strategy
“We review past transactions and inconsistencies and prepare an orderly, defensible regularization to bring your past filings up to date.”
What our NFT tax advice covers
Capital gains on NFTs
We determine gains and losses on purchases, sales and swaps: valuation in euros, fees, gas fees and exchange rates, with full traceability.
VAT on minting, sales and services
We analyze the nature of the transaction and whether there is a business activity: place of supply, customers, invoicing and formal obligations.
Royalty income
Tax classification of recurring income: documentation, records, conversion to euros and consistency across wallets, marketplaces and bank accounts.
Returns and obligations
We guide you through tax forms, deadlines and supporting documents: transaction history, receipts and valuation method, to avoid discrepancies.
Wealth tax and balance tracking
Review of your holdings and asset valuation, consistency with the assets you have declared, and documentation ready for tax reviews.
Information requests and regularization
We prepare responses and regularizations: calculations, evidence, a chronological account and a strategy to minimize risk and surcharges.
Deadlines and document control for NFT tax
With NFTs, the usual problem is not “paying” but proving: dates, values in euros, wallets, fees and source of funds. We organize your history so your tax return is consistent and defensible.
Inventory: wallets, marketplaces, NFTs, purchases, sales, mints and royalty payments received.
Valuation: conversion to euros by date and time, fees, gas fees and exchange rate.
Classification: capital gain vs income from work or capital vs business activity (depending on the case).
Filing: preparation of the information and supporting documents for IRPF/VAT and the applicable formal obligations.
Records: evidence ready (statements, hashes, screenshots, invoices and reconciliation) in case of a tax review.
NFT tax + traceability (origin and movements)
For NFT tax, the Tax Agency usually expects consistency between movements, conversions and documentation. We prepare a file with full traceability (wallets, exchanges and transactions) so you can answer information requests quickly and convincingly.
Scope: what will we review in your NFT taxes?
Getting your NFT taxes and paperwork in order: transactions, valuation, tax classification and supporting evidence so your tax return is consistent.
1. History and evidence (wallets/exchanges)
We audit your transactions and gather evidence: wallets, marketplaces, exchanges, hashes, screenshots, fees and reconciliation with bank movements.
2. Valuation and calculation
We convert to euros by date and transaction and calculate the results: acquisition, transfer, swaps, gas fees, fees and allocation rules.
3. Filing, tax forms and defense
We prepare the information for IRPF/VAT and the applicable obligations, and design your response to information requests: narrative, supporting documents and a regularization plan if needed.
One-off investment or an NFT business activity?
For NFT tax, the treatment may differ depending on whether there are one-off transactions or a recurring activity (minting, sales, promotion, royalties). Getting the classification right avoids mistakes and regularizations.
| Feature | One-off transactions | Recurring activity |
|---|---|---|
| Approach | Calculation of gains/losses and supporting documents for each transaction. | Organizing income, invoicing, records and ongoing compliance. |
| Typical income | Purchases/sales, swaps, occasional sales. | Minting, frequent sales, royalties, related services, ongoing exploitation. |
| Documentation | Statements, wallets, conversions, fees, price evidence. | Plus: internal procedures, invoicing, payment tracking and reconciliations. |
| Common risk | Incorrect valuation in euros or lack of traceability. | Wrong classification, VAT/formal obligations and no consistent records. |
*Classification depends on the facts (frequency, resources, organization and nature of the income). What matters is documenting it properly.
How we handle your NFT taxes
A practical method so your tax return adds up: inventory, valuation, classification and an evidence file ready for any information request.
01
Inventory and data collection
We identify wallets, marketplaces and exchanges. We collect history, hashes, statements, fees and conversions to rebuild your activity.
02
Valuation in euros
We determine the amounts per transaction and date: exchange rate, gas fees and fees. We avoid “gaps” that later lead to discrepancies.
03
Tax classification
We classify income and transactions: capital gains, income from work or capital, or business activity. We define the treatment of royalties and payments received in crypto.
04
Filing and defense
We prepare the information for IRPF/VAT and the applicable obligations, and leave you a file with evidence and arguments for information requests.
Practical checklist
Evidence that speeds up your NFT tax calculation
If the Tax Agency asks, evidence is what makes the difference: complete transactions, valuations in euros, fees and consistency across wallets, exchanges and bank accounts.
Wallets identified
Conversion to euros
Fees + gas
Organized records
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List of wallets and platforms
Include addresses, marketplaces, exchanges and linked accounts so there are no “holes” in your history.
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Complete transactions
Purchases/sales, swaps, mints, airdrops and royalties, with date/time and evidence of the price.
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Valuation and exchange rate
Conversion to euros for each transaction, with a consistent source/method and fees/gas correctly allocated.
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Reconciliation
Matching crypto inflows/outflows with bank movements: this avoids inconsistencies in source of funds and conversions.
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Supporting file
Statements, screenshots, hashes, invoices and a clear summary so you can answer an information request quickly.
Common NFT tax mistakes (and how we avoid them)
The goal is not just to file, but to do it with sound judgment and evidence. These mistakes often end in information requests or regularizations.
⚠️
No valuation in euros
Filing without converting each transaction to euros (with a consistent method) creates inconsistencies and later adjustments.
⚠️
Forgetting fees and gas fees
Fees affect the taxable result. Ignoring them can inflate gains or distort the calculation.
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Misclassified royalties
Treating royalties as a “gain” without analyzing their nature can be a mistake. Their classification must be justified.
⚠️
Incomplete history
Unidentified wallets or untraceable movements (bridges, DEXs, marketplaces) often trigger information requests.
What an NFT tax return must be able to prove
What matters in a tax review is traceability: complete transactions, valuation in euros, a consistent method and an evidence archive.
Traceability
Valuation
Classification
Records
Transactions and timeline
- Complete list of purchases, sales, swaps and mints.
- Dates and times consistent with the records (wallets/exchanges).
- Fees and gas allocated correctly.
- Reconciliation with fund inflows/outflows.
A well-built timeline reduces doubts about origin and value.
Valuation and exchange rate
- Conversion to euros for each transaction and point in time.
- Source/method consistent over time.
- Evidence: screenshots, APIs, statements or reports.
- Summary that is easy to follow in an audit.
Quality tip
If exchange rates are picked “by eye”, that is usually the first weak point.
Royalties and income
- Identification of royalty payments and their origin.
- Classification based on the facts (income from work or capital / business activity).
- Record of payments received and conversion to euros.
- Supporting documents from marketplaces/contracts.
This avoids inconsistencies and strengthens the defense of the position taken.
A file “ready for an information request”
- Folder with statements, hashes and evidence.
- Annual summary table with results.
- Clear narrative of your activity and the source of funds.
- Plan if a regularization is needed.
Answering quickly and in an orderly way usually reduces escalation.
Important note:
Request the preparation checklist
With NFTs, the “problem” is usually documentation. If your wallets are scattered and your transactions are not on file, the first step is to put your history in order before calculating.
Official sources
Key legislation, linked to the official text:
- Law 35/2006 of November 28 on Personal Income TaxBOE · consolidated text
- Law 58/2003 of December 17, General Tax LawBOE · consolidated text
Legislation and links reviewed in .