Revolut alters Renta reporting
- Roams reported on April 27 that Revolut accounts with a Spanish ES IBAN now feed more data into Spain’s 2025 income-tax draft return. - The shift affects more than 6.3 million Revolut users in Spain, and Roams says the bank now withholds savings tax at 19%. - Foreign-held assets can still require manual disclosure despite easier drafts for domestic accounts. (roams.es)
Revolut accounts with a Spanish IBAN are now showing up differently in Spain’s draft 2025 income-tax return, changing what Hacienda pre-fills. (roams.es) Roams said April 27 that Revolut now withholds, reports to Spain’s tax agency, and has removed the old foreign-account headache for many users. (roams.es) The practical dividing line is the account number: Spanish customers migrated from a Lithuanian LT IBAN to a Spanish ES IBAN are treated more like local-bank customers. (help.revolut.com) (revolut.com) Revolut says Spanish customers moved to its Spanish branch receive an ES IBAN, while customers not yet migrated can still have Lithuanian details. (help.revolut.com 1) (help.revolut.com 2) That matters in tax season because local banks in Spain routinely send information to Hacienda, while foreign accounts have often required more manual checking by the taxpayer. (roams.es) (help.revolut.com) Roams says Revolut has more than 6.3 million users in Spain, so even a paperwork change affects a large retail-banking base during the 2025-2026 filing campaign. (roams.es) For savings products, Revolut’s Spain help pages say it deducts 19% tax from interest before crediting it to Instant Access Savings. (help.revolut.com 1) (help.revolut.com 2) Roams says that means some savings income should already reach the draft return with withholding applied, reducing the amount users need to add by hand. (roams.es) The simplification is not complete. Roams says users still need to manually review and, where required, declare items such as flexible accounts, shares, dividends, crypto gains, and foreign assets. (roams.es) Revolut says its bank in Spain is still Revolut Bank UAB, a Lithuanian bank operating through a Spanish branch registered with the Bank of Spain under code 1583. (help.revolut.com) (revolut.com) The result for Spanish filers is narrower than a tax-law rewrite: the tax rules did not change, but the draft return now does more of the reporting work for Revolut users with ES IBANs. (roams.es)
