Cryptocurrency Management

Are you looking for an agency specialized in cryptocurrencies?

Do you know the tax implications of cryptocurrency trading, stacking, cryptocurrency mining, play to earn, NFTs, rewards, airdrops, earndrops or rewards? We can help you.

1. WHAT CAN WE DO FOR YOU AS A CRYPTOCURRENCY MANAGEMENT COMPANY?

As a cryptocurrency advisor, we must be clear about the origin of the cryptocurrencies. In other words, the purchase and sale of cryptocurrencies, stacking, the mining process and rewards are not taxed equally.

You must take into account that there are certain taxable events such as the purchase and sale of cryptocurrencies or stacking that go to the savings base. And that the airdrops or rewards go to the general basis of the work. It is very important to have all these concepts well separated and ordered when making your tax return.

Some of the taxes or reports you will have to file are the IRPF, IVA or Form 720.

If you have any doubts when filing your income tax return, please contact us. We are specialists in filing tax returns related to cryptocurrencies.

2. INCOME TAX RETURN WITH CRYPTOCURRENCIES

As cryptocurrency experts, we use Cointracking to obtain the tax report for the year in question. By having the corporate account we connect to your exchanges, with reading permissions to be able to extract all the necessary information and to be able to make your tax return. The price of doing the declaration with us starts at 320 euros.

On the other hand, if you already have other software to declare your cryptocurrencies such as Atari, CoinTracker or Koinly among others, we can also make your declaration.

Our statement prices include access to your Cointracking account so that we can review all transactions together. Keep in mind that the Cointracking software license alone for individuals costs more than 100 euros and you would not have the help of a tax advisor.

The process you must follow is to fill out the form that we have enabled on the website. Due to the high volume of requests we may not be able to answer in the next few hours, however we do our best to be able to serve all our potential customers.

  • Once we get in touch to evaluate the nature of your operations, the volume of transactions, the number of exchanges you have used, we will schedule a video call with you.
  • We would appreciate it if, prior to the call, you could log in to all your exchanges, such as Binance, Coinbase, etc… This will allow us to get the most out of the video call time. If you use other wallets such as Metamask, try to have a list of all the transactions you have made in the fiscal year with Etherscan, BSCscan or with the network in which you have made the transactions. If you have any doubts, don’t worry, in the video call we will help you to obtain all this information.
  • What will we do during the video call? First of all, we will help you to obtain the information from the exchanges in CSV format. Keep in mind that there are some exchanges that do not allow you to retrieve transaction history for more than three months in a row, so it is important to perform the process properly. In addition, we are going to connect with a tool called Cointracking to your exchanges. With this tool we will obtain all the relevant tax reports to file the tax return.
  • The connection we will create will be read-only. Therefore, we will not be able to perform any operation within your exchanges other than consulting the transactions.
  • Once the exchanges are linked, and the CSVs are obtained, the operations take a few hours to synchronize, so the video call will end as soon as we generate the connection. It is not necessary to wait for the synchronization to finish.
  • What do we do once the information has been synchronized?
    • We perform checks to ensure that there are no missing or duplicate transactions.
    • In case there are any, we will send you a report to specify the nature of the operation. That is, if it is a withdrawal, a deposit, etc….
    • In this case you must respond within 2 working days in order to close the tax report.
    • Once we have the finished report, we will be able to calculate the capital gains or losses related to cryptocurrencies to be included in the income tax return.
  • Our tax expert will contact you as soon as possible. We will send you an email to request all the relevant tax information to file your tax return. ID card, withholding tax certificate, rental contracts, etc…
  • You will also receive a link to make the payment corresponding to the declaration.
  • Once the payment has been made, a video call will be scheduled with the tax expert, who will close the declaration with whom you will review all the documentation, including that related to cryptocurrencies.

On the other hand, if you already have in Cointracking square on your own, we give you the option to make your presentation for 120 euros.

3. URGENT CONSULTATIONS

Need to solve an urgent consultation?

In this case we give you the option, upon payment, to schedule a one-hour call with one of our tax and cryptocurrency experts to answer all your questions.

4. FREQUENTLY ASKED QUESTIONS ON CRYPTOCURRENCY TAXATION

Taxation of cryptocurrencies Renta 2021 when the acquisitions and sales of virtual currencies are not carried out in the scope of an economic activity.

How does the sale and purchase of cryptocurrencies?

The purchase and sale of cryptocurrency generates a capital gain or loss for the difference between the acquisition value (AV) and the transfer value (TV). In the event that the difference (VT-VA) is positive, this sale and purchase generates a capital gain that must be declared in the savings base of the income tax return. In the event that the difference (VT-VA) is negative, this purchase and sale generates a capital loss that must be declared in the savings base of the income tax return.

What is the acquisition value and the transfer value?

Acquisition value: is the amount paid for the acquired currency, including all acquisition costs (e.g. commissions).
Transfer value: this is the amount received for the currency sold, net of transfer costs.

Is it possible to offset gains and losses?

Both amounts are added and subtracted to obtain the gain or loss, as the case may be, which must be taxed in the savings base of the tax return.

What is a transmission?

It is the sale of any virtual currency, either to purchase another virtual currency or a legal tender. For example: if we sell ETH to buy BTC we are making a transfer of ETH that generates a capital gain or loss of ETH. If we sell BTC to obtain BUSD we are making a transfer of BTC that generates a capital gain or loss of BTC.

Is each transmission taxed or until it is converted back to a legal currency, it is not taxed on income?

Each transfer of virtual currency generates a capital gain or loss, regardless of whether the transfer is to obtain a new virtual currency or a legal tender (fiat) currency.

If I have different exchanges, how do I calculate the loss or gain?

The gain or loss is calculated using the FIFO method, i.e. the value of the currency being transferred is the first acquisition value. If a person is the holder of a currency that is acquired in different exchange offices or exchanges, it does not alter the formula for calculating the gain or loss, and therefore, the gain or loss cannot be calculated for exchanges.

Do I have to declare any amount in my income tax return if I have only bought virtual currency but have not made any sale?

No.

Is there any amount to declare in the income tax return if for example I have bought 1 Bitcoin and subsequently sold this Bitcoin to buy Ethereum?

Yes. In this case there is a purchase of Bitcoin and a sale of Bitcoin. The difference between the value in euros of the Bitcoin purchase and the value of the Bitcoin in euros on the day of the transmission to buy ETH, generates a capital gain or loss.

We synchronize your transactions from more than 80 exchanges and wallets.

We use Cointracking as our main tool. However, if you use any other software to order your transactions, we can also adapt to your needs.

And many more…

Adjusting to your needs

Our Team

Pioneers in consulting and adoption of blockchain technology

Behind each of us lies a story.
Different stories with the same common denominator: expert, innovative, passionate and digital.

Our prices for filing with Cointracking

We want to accompany you in your cryptocurrency operations, that is why our monthly plans help you to plan fiscally.

BASIC

Two payment methods

1) Declaration for a fiscal year

2) Monthly tax planning

Subscribe to our BASIC monthly tax planning and enjoy the reduced price for being a member of our community.

MEDIA

Two payment methods

1) Declaration for a fiscal year

2) Monthly tax planning

Subscribe to our monthly tax planning MEDIA and enjoy the reduced price for being a member of our community.

COMPLETE

Two payment methods

1) Declaration for a fiscal year

2) Monthly tax planning

Subscribe to our FULL monthly tax planning and enjoy the reduced price for being a member of our community.

Companies that trust us

If you already have your Cointracking square

In case you already have a Cointracking license and you have your cryptocurrency operations squared, we offer you the possibility to file the declaration at a reduced price. Similarly, if you work with another provider such as Koinly or CoinTracker, we can also do your tax return.

IF YOU ALREADY HAVE SQUARE COINTRACKING

If you need to speak to a tax advisor urgently

In this case we give you the option to schedule a 1 hour session with one of our tax and cryptocurrency advisors.

TAXATION AND ADOPTION BLOCKCHAIN

Consultation 1 hour
Book now for 200€.

TAXATION AND ADOPTION BLOCKCHAIN

Consultation 30 minutes
Reserve now from 120€

cryptocurrency and blockchain CONSULTANCY

What else can we do for you?

¿En qué te podemos ayudar?

Si necesitas especialistas para declarar tus ingresos, podemos ayudarte. Rellena el formulario y te contactaremos en menos de 24h.

1. Rellena el formulario

Rellena el formulario y recibirás un email con la dirección de nuestra billetera o wallet. Revisa la bandeja de correo no deseado.

2. Realiza el pago en BTC

Realiza el pago aplicando el tipo de cambio del momento y responde al email con el hash de dicha operación.

3. Videollamada

Tras validar tu pago, recibirás un email de uno de nuestros asesores para agendar una videollamada. Este proceso puede tardar uno o dos días, haremos lo posible para responderte cuanto antes.

1. Rellena el formulario

Rellena el formulario y recibirás un email con la dirección de nuestra billetera o wallet. Revisa la bandeja de correo no deseado.

2. Realiza el pago en BTC

Realiza el pago aplicando el tipo de cambio del momento y responde al email con el hash de dicha operación.

120€ videollamada de 30 minutos
200€ videollamada de 60 minutos

3. Videollamada

Tras validar tu pago, recibirás un email de uno de nuestros asesores para agendar una videollamada. Este proceso puede tardar uno o dos días, haremos lo posible para responderte cuanto antes.

How can we help you?

If you need specialists to declare your income, we can help you. Fill in the form and we will contact you in less than 24 hours.

1. Fill in the form

Fill in the form and you will receive an email with the address of our wallet. Check your spam folder.

2. Make the payment in BTC

Make the payment at the current exchange rate and reply to the email with the hash of the transaction.

120€ 30 minutes video call
200€ 60 minutes video call

3. Video call

After validating your payment, you will receive an email from one of our consultants to schedule a video call. This process may take one or two days, but we will do our best to get back to you as soon as possible.

1. Fill in the form

Fill in the form and you will receive an email with the address of our wallet. Check your spam folder.

2. Make the payment in BTC

Make the payment at the current exchange rate and reply to the email with the hash of the transaction.

120€ 30 minutes video call
200€ 60 minutes video call

3. Video call

After validating your payment, you will receive an email from one of our consultants to schedule a video call. This process may take one or two days, but we will do our best to get back to you as soon as possible.

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