Cryptocurrencies, Tax Ignorance and Tax Noncompliance in Direct Taxation: Spanish Empirical Evidence
This article highlights the complexity of taxation surrounding cryptocurrency transactions due to the lack of uniform regulation, creating uncertainty for both taxpayers and tax authorities. After determining the tax obligations of individuals in taxation, a survey has been conducted to assess the l...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2024-03-01
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| Series: | Economies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7099/12/3/62 |
| _version_ | 1797241415581827072 |
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| author | Álvaro Hernández Sánchez Beatriz María Sastre-Hernández Javier Jorge-Vazquez Sergio Luis Náñez Alonso |
| author_facet | Álvaro Hernández Sánchez Beatriz María Sastre-Hernández Javier Jorge-Vazquez Sergio Luis Náñez Alonso |
| author_sort | Álvaro Hernández Sánchez |
| collection | DOAJ |
| description | This article highlights the complexity of taxation surrounding cryptocurrency transactions due to the lack of uniform regulation, creating uncertainty for both taxpayers and tax authorities. After determining the tax obligations of individuals in taxation, a survey has been conducted to assess the level of knowledge and compliance with tax obligations related to cryptocurrencies. The survey, in which 103 people participated, reveals the confusion and errors that prevail in perceptions of the tax obligations for cryptocurrencies, particularly in transactions such as swapping and staking in personal income tax. This results in almost half of the respondents (49.5%) not declaring any of their operations with cryptocurrencies. The reasons for this include the fact that the majority of respondents (66%) find the regulation of cryptocurrencies in Spain confusing and difficult to understand. Additionally, 87.4% believe that tax agencies should provide more information and resources on the taxation of cryptocurrencies and digital assets, and that there should be clearer and more comprehensive regulation. However, it should be noted that 41.7% also consider that tax regulation discourages investment in cryptocurrencies. |
| first_indexed | 2024-04-24T18:22:58Z |
| format | Article |
| id | doaj.art-f2b8892930704b35b04129e5c2aebed9 |
| institution | Directory Open Access Journal |
| issn | 2227-7099 |
| language | English |
| last_indexed | 2024-04-24T18:22:58Z |
| publishDate | 2024-03-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Economies |
| spelling | doaj.art-f2b8892930704b35b04129e5c2aebed92024-03-27T13:34:11ZengMDPI AGEconomies2227-70992024-03-011236210.3390/economies12030062Cryptocurrencies, Tax Ignorance and Tax Noncompliance in Direct Taxation: Spanish Empirical EvidenceÁlvaro Hernández Sánchez0Beatriz María Sastre-Hernández1Javier Jorge-Vazquez2Sergio Luis Náñez Alonso3Independent Researcher, 05005 Avila, SpainDEKIS Research Group, Department of Economics, Faculty of Social and Legal Sciences, Catholic University of Ávila, 05005 Avila, SpainDEKIS Research Group, Department of Economics, Faculty of Social and Legal Sciences, Catholic University of Ávila, 05005 Avila, SpainDEKIS Research Group, Department of Economics, Faculty of Social and Legal Sciences, Catholic University of Ávila, 05005 Avila, SpainThis article highlights the complexity of taxation surrounding cryptocurrency transactions due to the lack of uniform regulation, creating uncertainty for both taxpayers and tax authorities. After determining the tax obligations of individuals in taxation, a survey has been conducted to assess the level of knowledge and compliance with tax obligations related to cryptocurrencies. The survey, in which 103 people participated, reveals the confusion and errors that prevail in perceptions of the tax obligations for cryptocurrencies, particularly in transactions such as swapping and staking in personal income tax. This results in almost half of the respondents (49.5%) not declaring any of their operations with cryptocurrencies. The reasons for this include the fact that the majority of respondents (66%) find the regulation of cryptocurrencies in Spain confusing and difficult to understand. Additionally, 87.4% believe that tax agencies should provide more information and resources on the taxation of cryptocurrencies and digital assets, and that there should be clearer and more comprehensive regulation. However, it should be noted that 41.7% also consider that tax regulation discourages investment in cryptocurrencies.https://www.mdpi.com/2227-7099/12/3/62taxationcryptocurrenciestax evasionpersonal income taxwealth taxtax obligations |
| spellingShingle | Álvaro Hernández Sánchez Beatriz María Sastre-Hernández Javier Jorge-Vazquez Sergio Luis Náñez Alonso Cryptocurrencies, Tax Ignorance and Tax Noncompliance in Direct Taxation: Spanish Empirical Evidence Economies taxation cryptocurrencies tax evasion personal income tax wealth tax tax obligations |
| title | Cryptocurrencies, Tax Ignorance and Tax Noncompliance in Direct Taxation: Spanish Empirical Evidence |
| title_full | Cryptocurrencies, Tax Ignorance and Tax Noncompliance in Direct Taxation: Spanish Empirical Evidence |
| title_fullStr | Cryptocurrencies, Tax Ignorance and Tax Noncompliance in Direct Taxation: Spanish Empirical Evidence |
| title_full_unstemmed | Cryptocurrencies, Tax Ignorance and Tax Noncompliance in Direct Taxation: Spanish Empirical Evidence |
| title_short | Cryptocurrencies, Tax Ignorance and Tax Noncompliance in Direct Taxation: Spanish Empirical Evidence |
| title_sort | cryptocurrencies tax ignorance and tax noncompliance in direct taxation spanish empirical evidence |
| topic | taxation cryptocurrencies tax evasion personal income tax wealth tax tax obligations |
| url | https://www.mdpi.com/2227-7099/12/3/62 |
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