How they are taxed and how much withholding they have in your 2026 return

Let’s tell you How Treasury Bills are taxed in Income 2025which is the statement we will make in 2026 to catch up with the last fiscal year. Treasury bills are a good method to invest at low risk and with an interesting return, but you also have to include them in your declaration.

Here, before starting you should know that now you are not going to declare those purchased last yearbut you will have to pay taxes on those that you may have purchased in the previous year, which are those that have expired during the last year. Come on, the year in which they were purchased is not taken into account, but rather the year in which they expired and the money was returned to you.

How to declare Treasury Bills

The treasure bills You have to declare them in your income tax the year after you sell them.. Because the important point is not when you bought them, but when you sell them to recover the money and keep the profits.

That’s why, if you sold your Treasury Bills in 2025 You will have to declare them this year, whether you bought them then or not. But if you only bought them and haven’t sold them yet, then you won’t have to declare them yet. If you sell them this year, you will declare them next year when you make the declaration related to this year.

The Bills are considered as “financial assets issued at a discount or implicit return.” This means that the difference between what you paid for them and what you received when you amortized them is something that you must declare. It is considered a return on movable capitaland is subject to the corresponding personal income tax.

For example, if you buy Treasury Bills worth 20,000 euros and sell them the following year for 20,400 euros, your return obtained is 400 euros. This means that you will not have to declare the 20,400, but rather you will declare the 400 you have obtained as performance. And so with everything, what matters is not what you spend but the performance you get with it. Of course, whether one or another income tax bracket is applied will depend on the amount of the return.

To declare Treasury Bills, you will have to do so in an informative manner filling out the Treasury form 192. It is a procedure that you can already do since the year has begun, and then the profits will be taxed to the Tax Agency in the Income Tax return. With all this, when reporting on it, it is normal that the letters appear in the draft when you go to make the declaration, and that you don’t have to worry anymore.

These are the established sections depending on the profits you get:

• 19% retention for earnings of less than 6,000 euros.
• 21% retention for profits between 6,000 and 50,000 euros.
• 23% retention for profits between 50,000 and 200,000 euros.
• 27% retention for profits between 200,000 and 300,000 euros.
• 28% retention for profits greater than 300,000 euros.

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