As per MetaEra, on November 26 (UTC+8), the Sumar faction in the Spanish parliament submitted an amendment to the House of Representatives, proposing to revise three tax laws to strengthen taxation on cryptocurrencies. The proposal suggests including non-financial crypto asset gains into the general income tax base, with a top rate of 47%, up from the current 30% under the savings tax base. It also mandates a 30% corporate income tax rate for such gains. The amendment requires the Spanish National Securities Market Commission (CNMV) to create a risk rating system for crypto assets and enforce their display on investment platforms. Additionally, all crypto assets will be included in the scope of assets subject to seizure, expanding the current rule that applies only to assets under EU MiCA regulation.
Spanish Parliament Proposes Tax Law Changes, Bitcoin Gains Tax Rate May Rise to 47%
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