Declaración de rendimientos

The acquisition of tokens from the borrower(Domoblock) subscribes the lender(investor) to a non-tokenized participative loan(Project).
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The income resulting from the project carried out between Domoblock and the investor (whether an individual or a legal entity), will be considered as income from movable capital and will be subject to withholding.
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‍Domoblockis obliged to submit and pay this income to the Tax Agency (According to articles 75.1.b of the Personal Income Tax Regulation and 128 of the Income Tax Law).

5.1. How does Domoblock carry out its tax obligations?

Domoblock will apply withholdings on the income (yield) obtained from the sale of the project, according to the following characteristics:

The taxable income will be equal to the capital gain (total profit - initial investment) received by the investor.
The tax rate applied by Domoblock for individuals or legal entities with tax residence in the Spanish territory will be 19%.

* This payment may be deductible in the Personal Income Tax (IRPF) or Corporate Income Tax (IS) of the investor.
When? In the year in which it is received. Although there are some exceptions:

- For foreign EU residents (resident in an EU member state), the income accrued from a participating loan will not be subject to withholding tax as long as the investor provides a certificate of residence from his country, which proves the residence in an EU member state. In case the investor does not provide this certificate Domoblock will apply 19%.

-For non-EU foreign residents and in those cases where the DTA (Double Taxation Agreement) in force between Spain and the investor's country of residence establishes a withholding lower than 19%, the investor must provide a certificate of residence. In case the investor does not present this certificate Domoblock will apply 19%.
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The time of withholding (enforceability) will occur at the expiration of the date agreed upon in the investment contract (Whitepaper) or when they are recognized in the investor's account.
The settlement of the withholding by Domoblock will be carried out by means of form 123.

5.2. Investor's tax obligations

Although the primary responsibility for the taxation of income rests with Domoblock, it is important that each investor complies with his or her personal obligation to declare capital gains in his or her tax return. Depending on the country of residence and other income earned on loans or other financial instruments, the percentage of taxation may need to be adjusted.
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Investors must declare this income in their savings base, under the category of “income from movable capital” as “income obtained from transferring own capital to third parties” (Article 25.2 of the Personal Income Tax Law).

In the case of Spain, the tax brackets are determined by law, and we summarize them below:

Individuals:
Net taxable income and Personal Income Tax Rate
0-6.000€ (19%)
6.000-50.000€ (21%)
50.000-200.000€ (23%)
200.000-300.000 (27%)
+300.000 (28%)

Guía de inversión - Configuración de la cuenta

Proceso de inversión, reinversión y retirada.

Guía de inversión - Funcionalidades de la plataforma

Declaración de rendimientos

5.1. How does Domoblock carry out its tax obligations?

5.2. Investor's tax obligations

Webinar on Taxation with Aktion Legal