Spain fines DeFi investors $10.5 million in back taxes as crypto loans are treated as capital gains
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最新报道：According to Bijie.com, a DeFi investor in Spain was ordered by tax authorities to pay approximately $10.5 million in back taxes for using crypto assets as collateral for a mortgage. Spanish tax authorities classified this as a capital gain, even though the investor did not sell the assets or realize a profit. The report states that the investor had previously declared all cryptocurrency transactions and paid $5.84 million in taxes. However, three years later, tax authorities imposed tax on the use of assets as collateral to obtain a loan through a DeFi protocol. Tax advisors say this interpretation lacks economic and legal basis and contradicts the definition of capital gains in Spanish and EU law. The Spanish tax authorities' designation of stablecoin loans and token transfers to DeFi protocols such as Beefy or Tarot as taxable events has sparked controversy. Article 33 of the Spanish Personal Income Tax Act stipulates that capital gains must reflect actual economic benefits and changes in net assets.
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