Spanish Authorities Clarify How Tax Applies to Bitcoin Losses

By August 19, 2015Bitcoin Business

Spain Clarifies Tax Situation for Bitcoin Losses The Spanish tax authorities have clarified how the country’s existing tax laws should be applied to losses incurred by the collapse of a bitcoin exchange, the result of a scam or a situation of insolvency.

Spain’s Dirección General de Tributos (DGT) received a question from a bitcoin enthusiast who claimed to have lost a large part of their savings after investing in bitcoin.

According to the question , […]

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