New tax withholdings in Earn: what's changing and how it affects you

Changes in Earn: new tax withholdings

We are updating Earn to adapt it to the European crypto-asset regulation (MiCA). With this update, Earn is structured as a crypto-asset loan that you make to Bitcoinforme, S.L. In return, you receive interest. As this interest is a return subject to applicable regulations, tax withholdings will now be applied to it.

Who does this change affect?

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

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

What is the withholding applied to?

The withholding is applied only to the returns generated (the interest), never to the capital you have 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 your funds remain in the product, no withholding is applied.

What percentage is withheld?

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

The withheld amount is not an additional charge from Bit2Me: it is an amount paid to the Tax Agency on your behalf that you can take into account in your income tax return.

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

Yes, it is 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 submit my tax residency certificate?

Please contact our support team, and we will enable a space for you in the Document Manager 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. Wait for validation from 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 to do so. In no case do you lose access to your funds.