‍Spain Assesses $10.5M Back Tax on DeFi Loan, Sparking Outcry

A Spanish DeFi investor faces a 9 million euro ($10.5 million) back tax bill for taking out a crypto-backed loan, despite having already declared all operations and paid $5.84 million in taxes.

The Spanish tax authority (AEAT) classified the stablecoin loan as a capital gain, treating asset transfers to DeFi protocols as taxable events, a move criticized as lacking legal basis. This case highlights Spain's intensified crypto tax enforcement, with the AEAT issuing numerous notices and gaining the ability to seize crypto assets.

https://cryptovka.ru/en/news/3889/spain-s-crypto-tax-shock-defi-loan-triggers-10-5m-back-tax-bill