Important Notice from BBVA to Thousands of Spaniards: Confirmed, Now You Can Do It

BBVA is one of the most influential banking entities in Spain and internationally. The bank often stands out for its commitment to innovation, digitalization, and financial education. The evolution of the sector has led to a constant transformation of products and services, adapting to the new needs of customers.

In this context, the entity not only offers advanced financial solutions. Meanwhile, it also strives to keep its users informed about regulatory changes that may affect their personal economy.

BBVA and the Treasury's New Measure for Declaring Cryptocurrencies

In recent years, the rise of cryptocurrencies has created a new scenario in the financial world. This growth has posed challenges for both regulators and taxpayers. They, in many cases, are not clear on how to tax these digital assets.

BBVA has communicated that in 2025 the Tax Agency has established a measure that will facilitate income tax declaration for those who own cryptocurrencies. This change aims to improve fiscal transparency and offer greater clarity to citizens who have conducted operations with digital currencies.

With the income tax declaration around the corner, many are wondering how they should reflect their cryptocurrency investments in their declaration. Until now, the gains and losses derived from the buying and selling of these digital assets had to be included in general sections. This caused doubts and possible errors in taxation.

A Specific Box for Cryptocurrencies in the Declaration

The novelty in the 2025 income tax campaign is the incorporation of a specific box to declare cryptocurrencies. This measure responds to the need to adapt the tax system to the growing popularity of these assets. This way, taxpayers will be allowed to report their movements more easily and in a structured manner.

The Tax Agency thus seeks to reduce opacity and ensure that all investors comply with their tax obligations appropriately. From the next declaration, taxpayers who own cryptocurrencies will have to include detailed information about their operations in a specific section.

In this new box, it will be mandatory to reflect the movements made during the fiscal year. Key data such as the number of transactions carried out, the acquisition value of the assets, and the dates on which they were conducted must be indicated.

It will also be necessary to detail cryptocurrency exchange operations, as well as the resulting losses and gains. The section will allow for more precise calculation of the benefits obtained and will ensure that taxation is carried out correctly, avoiding possible penalties for errors in the declaration.

How This Change Will Affect Taxpayers in Spain

The fact that there is now a specific box for cryptocurrencies doesn't mean that they did not have to be declared before. However, the lack of a specific section caused confusion and in some cases could lead to unintentional omissions. With this change, taxpayers will have a clearer process for including their operations in the income tax declaration.

Operations with cryptocurrencies, like other financial assets, generate capital gains that are subject to taxation under the Personal Income Tax. Depending on the volume of benefits obtained, taxpayers will have to apply the corresponding tax rate. Therefore, it is essential to keep a detailed record of all transactions and have the appropriate documentation to justify the data in the declaration.