Stablecoin Payroll in Spain

Enable stablecoin payments for your Spanish team while maintaining full compliance with tax regulations and labor laws.

Navigating Stablecoin Payroll in Spain

Spain has become a leading hub for digital innovation in Europe, offering a strong tech workforce, progressive blockchain policies, and close ties to Latin America. With regulatory clarity from the Agencia Tributaria and expanding tech ecosystems in Madrid, Barcelona, and Valencia, stablecoin payroll is a modern solution that provides instant payments, cost savings, and euro-compliant reporting.

Highlights

Instant payments: Send in seconds, not days
Save up to 85% on international transfer fees
Euro-compliant with clear Agencia Tributaria guidance
Attractive for expatriates under the Beckham Law
Support for Spain’s 14-payment annual salary system

Employment Types & Stablecoin Tax Treatment

Regular Employees

Tax: 19–47% income tax + 6.35% social security
Extra Payments: 14 annual payments (12 monthly + Summer & Christmas subsidies)
Stablecoins: Possible for bonuses or partial net salaries with consent
Payslips: Must show EUR gross amounts and stablecoin equivalents

Example:

Gross Salary: €3,500

Deductions: €747

Net: €2,753 + 2,905 USDC

Employer Social Security: €1,050

Freelancers (Autónomos)

Tax: Quarterly advance payments
VAT: 21% standard if turnover exceeds €12,500/year
Social Security: Flat rate €294–€1,267/month
Stablecoins: Can be 100% of payment, invoiced with EUR equivalent

Beckham Law (Special Expatriate Regime)

Tax: 24% flat rate up to €600,000 for 6 years
Foreign Assets: Capital gains exempt
Stablecoin Advantage: Attractive for expats seeking tax-efficient USD-stable compensation

Stablecoin Taxation Framework

Tax Event 1: At Receipt

Income taxed on EUR equivalent value
Withholding applied via IRS brackets
Social security contributions calculated on total

Tax Event 2: At Conversion

Crypto capital gains taxed as savings income at 19–28%
FIFO method applies for reporting

Example Scenario:

Employee earns €3,500 + €1,000 USDC

Tax withheld: €525 + €222 SS

Net: €2,753 + 2,905 USDC

Payroll Compliance Process

Steps:

Classify worker type (employee, freelancer, expat)
Calculate EUR gross equivalent
Apply income tax + Seguridad Social
Add extra summer & Christmas payments if applicable
Transfer net stablecoins
Issue payslips (EUR + stablecoin values)
File annual returns (Model 100, Forms 720 & D6 for crypto holdings)

Integrations

A3 Software

Sage

Meta4

ADP

Factorial HR

Mandatory Contributions (Employees)

Component	Employee	Employer	Total
General Contingencies	4.7%	23.6%	28.3%
Unemployment	1.55%	5.5%	7.05%
Training	0.1%	0.6%	0.7%
FOGASA	0%	0.2%	0.2%
Total	6.35%	29.9%	~36%

Regulatory & Compliance Framework

Tax Authority: Agencia Tributaria
Crypto Reporting:
- Form 720: Foreign assets > €50,000
- Form D6: Annual declaration of crypto holdings
Social Security: Contributions remitted to Tesorería General de la Seguridad Social in EUR
MiCA Regulation: Implemented in 2024 across EU
KYC/AML: Required for payroll wallets and exchanges

Tax Optimization Strategies

For Employers:

Structure stablecoin bonuses alongside base EUR salaries
Leverage Beckham Law for international hires
Use Toku API for automated withholding & filings

For Employees/Contractors:

Convert only what’s needed to minimize capital gains
Track all stablecoin transactions for IRS reporting
Apply for Beckham Law benefits where eligible

Why Toku for Spain Payroll

Automated Agencia Tributaria reporting
Full compliance with Spain’s 14-payment salary system
EUR + stablecoin integration for seamless payroll
Partnerships with Spanish exchanges for easy conversion

QUICK FACTS

Currency

Euro (EUR/€) / USDC, USDT

Population

47.4 million

Capital

Madrid

Languages

Spanish, Catalan, Basque, Galician

Payroll Frequency

Monthly

Employer Taxes

~30% social security

Employee Taxes

6.35% social security + 19–47% income tax

Frequently Asked Questions

Can employees be paid fully in stablecoins?

Yes, with employee consent. Salaries must be denominated in EUR for compliance, but stablecoins can cover bonuses and partial net salary.

How does the Beckham Law impact stablecoin payroll?

Eligible expatriates benefit from a flat 24% tax rate, making stablecoin payments highly attractive for international hires.

Do we need to follow the 14-payment system?

Yes. By default, employees receive 12 monthly payments plus 2 extras (Summer and Christmas). This can be prorated into 12 payments if agreed.

How do we handle Seguridad Social contributions?

Calculated on EUR equivalent of total compensation. Employers remit both employee (6.35%) and employer (29.9%) portions in EUR.

Which exchanges are common in Spain?

Bit2Me, Bitnovo, Coinbase, Binance, and Kraken - all providing euro integration with KYC compliance.