Spain Proposes Europe’s Heaviest Crypto Tax Regime in Sweeping Reform
Spain's parliament is reviewing aggressive legislation that would impose some of Europe's highest tax rates on digital asset gains. The proposal spearheaded by the Sumar party seeks to reclassify crypto profits into the general income bracket, subjecting top earners to a 47% rate—a stark increase from the current 30% cap on investment income.
Corporate entities wouldn't escape the crackdown. The plan mandates a flat 30% tax on crypto-related business gains, putting digital assets in the same high-risk category as speculative financial instruments. This comes alongside expanded enforcement powers for regulators.
Consumer protection measures include mandatory 'traffic-light' risk ratings for digital assets—a visual warning system meant to curb speculative investments. The multi-pronged approach signals Madrid's intent to bring crypto firmly under its fiscal umbrella.
