GameFi and game tokens in Spain: how Axie Infinity players and similar declare taxes

Play-to-earn games and GameFi generate multiple types of crypto income. Complete tax guide for players in Spain.

Equipo kointax·June 13, 2026·4 min read

GameFi and game tokens in Spain: taxes

Play-to-earn tokens (AXS, SLP, SAND, etc.): Capital income at market value when received. That value = acquisition cost for future sales.

NFTs earned/minted in games: Capital income at market value (or €0 if no determinable price).

NFT purchases with crypto: Selling crypto (taxable) + buying NFT.

NFT sales: Capital gain/loss.

Token staking: Capital income.

Axie scholarships: Owner's share = capital income; Scholar's share = employment/business income.

Habitual GameFi income: May qualify as economic activity → autónomo registration, deductible expenses.

kointax imports game wallet histories and classifies play-to-earn correctly.

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