Spain Proposes Crypto Tax Hike Up To 47%

Spain’s Sumar Parliamentary Group has introduced an aggressive set of amendments that would dramatically tighten the country’s tax and regulatory framework for cryptocurrencies.

The proposal seeks to shift digital-asset gains—currently taxed under the savings-income bracket at up to 30%—into the general Personal Income Tax (IRPF) base, where the top rate reaches 47%. Corporate taxpayers would face a uniform 30% tax on crypto-related profits.

Tax specialists warn that the move represents a fundamental reclassification of digital-asset income, placing crypto profits in the same category as ordinary income rather than investment income. Critics argue that the amendments amount to punitive treatment of Bitcoin, Ethereum, and other cryptocurrencies.

Economist José Antonio Bravo Mateu said the proposals “clearly go against Bitcoin,” adding that such efforts will do little to stop adoption.

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