Royal Decree No. 779 includes measures: 1) defining a “digital investment token,” used for determining the right of a person to invest in a project or business; 2) providing corporate income tax and VAT exemptions to companies and juristic partnerships on the income or value of the tax base derived from transferring digital investment tokens issued to the public; and 3) requiring that if the tokens are sold to the public, that they be separately characterized from digital …
Source: bloombergtax.com
