PANews|Nov 26, 2025 02:47
[Spain Proposes Legal Amendments to Increase Tax Burden on Cryptocurrency Gains]
According to Criptonoticias, Spain's Sumar parliamentary group has submitted a bill amendment to the Congress of Deputies, aiming to revise three tax laws related to cryptocurrencies in the country.
The amendments include:
- Revising the 2003 General Tax Law No. 58, covering aspects such as statute of limitations, tax collection, mutual assistance, and information disclosure obligations.
- Revising the 2006 Personal Income Tax Law No. 35, where gains from crypto assets not considered financial instruments will be taxed under the general personal income tax base (currently up to 47%) instead of the current savings tax base (up to 30%).
- Revising the 1987 Inheritance and Gift Tax Law No. 29, to include all crypto assets as seizable assets, expanding the scope of existing rules (previously only applicable to crypto assets regulated under the EU's MiCA). Gains from crypto assets will also be subject to a 30% corporate income tax rate.
The proposal further stipulates that the Spanish National Securities Market Commission (CNMV) will create a visual risk signal system for cryptocurrencies, which must be displayed on platforms targeting Spanish investors. The evaluation factors include official registration, regulation, guarantees, and liquidity.
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