New tax withholdings in Earn: what's changing and how does it affect you?

Changes in Earn: new tax withholdings

We're updating Earn to comply with the European Markets in Crypto-Assets (MiCA) regulation. With this update, Earn is structured as a crypto-asset loan you provide to Bitcoinforme, S.L. In return, you receive interest. As this interest is considered income subject to applicable regulations, tax withholdings will now be applied.

Who does this change affect?

For now, this only applies to users who accept or have accepted T&Cs from July 1, 2026, onwards. 

For users who already had T&Cs accepted previously, the withholding does not apply for now.

What is the withholding applied to?

The withholding is applied only to the income generated (the interest), never to the principal you lent. That principal is returned to you in full when you withdraw it.

When is the withholding applied?

The withholding is applied when you withdraw your funds from Earn. As long as you keep your funds in the product, no withholding is applied.

What percentage is withheld?

The general withholding tax rate is 19%. The exact percentage depends on your situation:

The amount withheld is not an additional charge from Bit2Me; it's an amount paid to the Tax Agency on your behalf that you can account for in your income tax declaration.

I don't reside in Spain: can I reduce or eliminate the withholding?

Yes, it's possible, but not automatically. You need to provide us with a tax residency certificate issued by your country's tax authority. Once we verify it, we will apply what is appropriate:

• If you reside in the European Union or the European Economic Area (Norway, Iceland, or Liechtenstein): 0% withholding.
• If you reside in a country with a tax treaty with Spain: the reduced rate established by that treaty, which is often 0% or 10%. In this case, the certificate must be issued "for treaty purposes."

Without a valid certificate, 19% will be applied by default. Providing this document is your responsibility.

How can I send my tax residency certificate?

Please contact our support team, and we will enable a space in the Document Manager for you to upload your certificate.

1. Contact support to request access to the Document Manager.
2. Upload your tax residency certificate issued by your country's tax authority.
3. Await validation by our team.

The certificate is valid for 12 months from its issuance date. After this period, you will need to provide a new one to maintain the reduction. A proof of address or a self-declaration is not accepted: it must be the official document issued by the tax authority.

If I don't agree with the change, what options do I have?

If you do not accept the new terms, you can withdraw your funds. You have a period to decide whether to sign the new conditions on the platform, withdraw your money, or ask us for help doing so. In no case do you lose access to your funds.