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Spain’s Sumar Party Proposes Crypto Tax Hike in MiCA Implementation
Spain’s Sumar Party Proposes Crypto Tax Hike in MiCA Implementation
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BTCCSquare news:
Spain's Sumar party has proposed significant amendments to tax legislation as part of the country's implementation of the EU's Markets in Crypto-Assets (MiCA) framework. The changes would shift crypto gains from the current savings tax base (capped at 30%) to the general income tax base, where rates can reach 47%. Corporate crypto profits would face a flat 30% rate.
The proposal also mandates a 'risk traffic light' system for crypto assets, requiring platforms to display standardized warnings about project registration, supervision, and liquidity. This MOVE aims to eliminate regulatory arbitrage between traditional and crypto assets, asserting they share the same economic nature.
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