Spain how to cash out without paying taxes?
There is currently no way of avoiding paying crypto taxes in Spain. However, it is possible to route your crypto to a country with very low or no crypto taxation to cash out. This approach is an easy and legal way to reduce the cost of cashing out your cryptocurrency.
The Agencia Tributaria categorizes it as a type of capital asset and sees earnings from cryptocurrency transactions as savings income, which is usually subject to taxation through Personal Income Tax (PIT).
| Tax rate | Profit |
| 19% | Profits up to €6,000 |
| 21% | Profits between €6,000 and €50,000 |
| 23% | Profits between €50,000 and €200,000 |
| 27% | Profits between €200,000 – €300,000 |
| 28% | Profits over €300,000 |
Resource: https://koinly.io/guides/crypto-tax-spain/
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