Spanish Parliament proposes to amend cryptocurrency tax laws, Bitcoin gains tax rate may rise to 47%

ChainCatcher News, according to CriptoNoticias, the Sumar parliamentary group in the Spanish parliament has submitted an amendment to the House of Representatives, proposing to modify three tax laws to strengthen the taxation of cryptocurrencies.

The proposal suggests including gains from non-financial instrument crypto assets in the general personal income tax base, with a maximum tax rate of up to 47%, instead of the current 30% cap under the savings tax base. At the same time, it stipulates that such gains will be taxed at a 30% rate under corporate income tax. The proposal also requires the Spanish National Securities Market Commission (CNMV) to create a risk rating system for cryptocurrencies, which must be mandatorily displayed on investment platforms. In addition, the amendment includes all crypto assets within the scope of seizable assets, expanding the previous rule that only applied to assets under the EU MiCA regulatory framework.