Bitcoin exchanges now exempt from VAT tax in Spain

TweetSpain’s General Directorate of Taxes (Dirección General de Tributos DGT) has announced it will treat all virtual currencies such as Bitcoin as financial payment methods and thus will be exempt from the VAT rate of 21%. Previously treated as a commodity, Bitcoin users were often taxed twice for purchases using the crypto-currency, however now the […]


How to reduce your taxes in Spain by donating to charity

Tweet The Spanish Fundraising Association claims that 20% of Spanish residents give to charity, with almost 3.6 million regular donors, contributing €489 million in 2014 in Spain. Far from the Spanish Third Sectors’ hay day of €825 million donations in 2007, the reduction in charitable contributions can be blamed on tough socio-economic factors causing: individual […]

Hello from Spainwide

TweetHello and welcome to SpainWide’s blog! We hope that you will enjoy the forthcoming posts, news and tips to help make living and working in Spain as easy as possible. We will share news from the Spanish business, tax, banking, legal, personal finance and startup sectors as well as many consumer insights and economical stories. […]