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The Spanish Parliament has proposed to amend the Crypto Assets tax law, and the Bitcoin capital gains tax rate may rise to 47%.
According to ChainCatcher news and CriptoNoticias reports, the Sumar party in the Spanish Parliament has submitted an amendment to the House of Representatives aimed at modifying three tax laws to strengthen the taxation of Crypto Assets. The proposal suggests incorporating the gains from non-financial tool type crypto assets into the general tax base for personal income tax, with a maximum tax rate of 47%, compared to the current upper limit of 30% for savings tax base. At the same time, it stipulates that such gains be taxed at a rate of 30% under corporate income tax. The proposal also requires the Spanish National Securities Market Commission (CNMV) to create a risk rating system for crypto assets, which must be displayed on investment platforms. In addition, the amendment includes all crypto assets in the scope of assets that can be seized, expanding the previous regulations that only applied to assets within the EU MiCA regulatory framework.
BTC1.98%

