TechFlow news, on November 26, according to CriptoNoticias, the Sumar parliamentary group in Spain has submitted an amendment to the Congress proposing changes to three tax laws to strengthen taxation of cryptocurrencies.
The proposal suggests including income from non-financial instrument crypto assets into the general personal income tax base, with rates reaching up to 47%, compared to the current 30% cap under the savings tax base. It also stipulates that such income be taxed at a 30% rate under corporate income tax.
The proposal also requires the National Securities Market Commission (CNMV) of Spain to create a risk rating system for cryptocurrencies, which must be mandatorily displayed on investment platforms. Furthermore, the amendment extends the scope of seizable assets to include all crypto assets, broadening previous regulations that applied only to assets within the EU's MiCA regulatory framework.
