Is Staking Rewards Taxable in Spain 2025? Your Complete Guide

Understanding Staking Rewards Taxation in Spain for 2025

As cryptocurrency adoption grows, Spanish investors increasingly ask: is staking rewards taxable in Spain 2025? The short answer is yes – staking rewards are considered taxable income under current Spanish tax laws. While 2025-specific regulations aren’t finalized yet, historical precedent and draft legislation suggest continuity in treatment. This guide breaks down everything you need to know about crypto staking taxes in Spain for 2025, including calculation methods, reporting requirements, and potential regulatory changes.

How Spain Taxes Crypto Staking Rewards

Spain’s Tax Agency (Agencia Tributaria) treats staking rewards as Rendimientos del Capital Mobiliario (income from movable capital). This classification means:

• Taxable upon receipt: Rewards are taxed in the year they’re generated, regardless of whether you sell the tokens.
• Progressive tax rates: Subject to savings income tax rates (19%-26% in 2024), not capital gains rates.
• No minimum threshold: Unlike some EU countries, Spain taxes all staking income, even small amounts.
• Dual reporting: Must be declared in both Modelo 100 (annual income tax) and Modelo 720 (foreign asset declaration if held overseas).

Calculating Your Staking Tax Liability for 2025

Follow these steps to estimate your 2025 staking taxes:

1. Track reward value: Record the market value in euros at the moment each reward is received.
2. Determine tax bracket:
   • First €6,000: 19%
   • €6,001–€50,000: 21%
   • €50,001+: 26% (2024 rates; adjust if 2025 changes)
3. Calculate owed tax: Multiply total annual rewards by your applicable rate.
4. Add autonomous community taxes: Regional surcharges may increase liability by 0.5%-2.5%.

Example: If you earn €10,000 in staking rewards:
€6,000 × 19% = €1,140
€4,000 × 21% = €840
Total tax = €1,980 + regional supplements

Reporting Staking Rewards: Step-by-Step

To comply with Spanish tax laws in 2025:

• Form Modelo 100: Report rewards in Box 27 (Rendimientos del Capital Mobiliario).
• Form Modelo 720: Required if staked assets exceed €50,000 on foreign platforms (due March 31, 2026).
• Documentation: Maintain exchange statements, wallet addresses, and reward timestamps.
• Deadline: File between April 1–June 30, 2026 for the 2025 tax year.

Potential 2025 Regulatory Changes to Monitor

While core taxation principles are unlikely to change, watch for:

• EU’s MiCA regulations: Full implementation by 2025 may influence Spanish tax reporting standards.
• De minimis exemptions: Unlikely but possible introduction of thresholds for small-scale stakers.
• Stablecoin differentiation: Potential distinct treatment for algorithmic vs. asset-backed staking rewards.
• Withholding requirements: Exchanges might be mandated to withhold taxes at source.

Frequently Asked Questions (FAQ)

1. Are staking rewards taxed differently than mining in Spain?

No. Both are classified as Rendimientos del Capital Mobiliario and taxed identically at 19%-26%.

2. What if I stake through a foreign platform?

Tax obligations remain identical. You must still declare rewards to Agencia Tributaria and may need to file Modelo 720 for assets held abroad.

3. Can I deduct staking expenses?

Yes! Valid costs (e.g., transaction fees, hardware depreciation) reduce taxable income. Maintain detailed records.

4. How does restaking (e.g., EigenLayer) affect taxes?

Each reward event creates a new taxable incident. Restaked rewards are taxed upon receipt, then again when withdrawn/sold.

5. What penalties apply for non-compliance?

Fines range from 50%-150% of unpaid tax plus interest. Deliberate concealment may trigger criminal prosecution.

Key Takeaways for Spanish Crypto Investors

Staking rewards will almost certainly remain taxable in Spain throughout 2025 under current frameworks. To avoid penalties:

• Track every reward’s euro value at receipt
• Set aside 19%-26% for taxes plus regional supplements
• Prepare for dual reporting via Modelo 100 and Modelo 720
• Consult a Spanish crypto tax specialist before filing

While regulatory evolution is possible, proactive compliance remains your safest strategy. Bookmark this guide and revisit in Q1 2025 for confirmed updates!