Ryan-win

RYANAIR has emerged victorious from the latest battle in its long running war with online travel agencies (OTAs).

The low-cost airline has frequently complained about the ‘illegal’ behaviour of well-known companies such as Booking.com, eDreams, Gotogate, Kiwi and Opodo.

Ryanair insists that OTAs sell its tickets without authorisation, apply extra charges to customers, obstruct direct communications between Ryanair and customers, and block refunds by not providing correct customer information.

Spanish travel agency association ACAVE filed a lawsuit in September 2021 over the Irish airline’s attacks ‘on the reputations of its members’. But a Barcelona court has stated that Ryanir’s accusations are ‘true, objective, and relevant.’

from cryptocurrency.

In 2021, only 35,2000 IRPF declarations for that year’s tax period included crypto profit.

These made a total of €759 million.

Not every taxpayer is aware of this requirement. According to a study carried out by the Spanish Association of Financial Users (Asufin), 4.4 million people invest in cryptocurrency in Spain. However, over 40% of them believe they do not need to declare these earnings.

The gains are calculated deducting the purchase value from the sale value and are taxed at the following tax rates:

Less than €6,000 - 19% in- come tax

Between €6,000 and €50,000 - 21% income tax

Between €50,000 and €200,000 - 23% income tax

Over €200,000 - 26% income tax.

Losses can also be declared and may translate into paying 25% less annual tax during the following four years. Those who have virtual currency but are not trading do not have to include them in the IRPF declaration form. This comes at a time when the Olive Press is doing an ongoing investigation on crypto company Globix. It is alleged that Globix bosses took out €11 million just before the company collapsed.