Frequently asked questions (forms 172 and 173) (HTML)

No. This information must be provided in form 721.

This reporting obligation shall extend to those who are considered beneficial owners in accordance with the provisions of section 2 of article 4 of Law 10/2010, of April 28, on the prevention of money laundering and terrorist financing.

Virtual currencies shall be deemed to be located abroad when the person, entity or permanent establishment that holds them and provides services to safeguard private cryptographic keys on behalf of third parties, to maintain, store and transfer said currencies, is not required to submit the information obligation referred to in section 6 of the Thirteenth Additional Provision of Law 35/2006, of November 28, on Personal Income Tax and partial amendment of the laws on Corporate Tax, Non-Resident Income Tax and Wealth Tax.

For more details, please consult the frequently asked questions for form 721.

Virtual currency is understood to be a digital representation of value that is not issued or guaranteed by a central bank or public authority, not necessarily associated with a legally established currency and that does not have the legal status of currency or money, but that is accepted as a means of exchange and can be transferred, stored or negotiated electronically.

The exchange of virtual currency for fiat currency shall mean the purchase and sale of virtual currencies through the delivery or receipt of euros or any other legal foreign currency or electronic money accepted as a means of payment in the country in which it was issued.