Home Spain Proposes Crypto Tax Hike Up To 47%

Spain Proposes Crypto Tax Hike Up To 47%

Share
News
Spain Proposes Crypto Tax Hike Up To 47% | 3verseTV
Share

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.

Share
Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

Leave a comment

Leave a Reply

Latest News

News
Philippine Exchange Highlights Tokenization Opportunity | 3verseTV

Philippine Exchange Highlights $60B Tokenization Opportunity

The Philippine Digital Asset Exchange, along with Saison Capital and Onigiri Capital, has released a white paper stating that the country could...

News
Visa Expands Stablecoin Settlement Across Europe, Middle East, Africa | 3verseTV

Visa Expands Stablecoin Settlement Across Europe, Middle East, Africa

Visa has announced a major expansion of its stablecoin settlement system across Central and Eastern Europe, the Middle East, and Africa through...

News
Brazil Confirms IOF Tax On Crypto After Months Of Debate | 3verseTV

Brazil Confirms IOF Tax On Crypto After Months Of Debate

Brazil has formally announced that its IOF tax, which applies to financial operations, will also cover cryptocurrency transactions. This ends years of...

News
Switzerland Delays Crypto Tax Data-sharing Rules To 2027 | 3verseTV

Switzerland Delays Crypto Tax Data-sharing Rules To 2027

Switzerland has announced a delay in implementing automatic crypto account information exchange with foreign tax authorities under the OECD’s Crypto-Asset Reporting Framework...

Latest Blogs

Crypto Regulation in India: What to Expect in 2026

Current State of Crypto Regulation in India The digital finance sector in India faces an essential decision regarding its cryptocurrency policies in...

Institutional Restaking On the Rise: What is it and What Are the Pitfalls?

Restaking has proven to be a way to generate additional rewards by securing multiple Proof-of-Stake protocols, and the rising institutional interest in...

Bitcoin Flash Crash: Why Did It Happen and What Comes Next for Bitcoin?

  Bitcoin is in existential shock, with lots of uncertainties and tense feelings dominating the atmosphere. On-chain data says it all; price...

What the Future of DeFi Looks Like: DeFi 2.0, Interoperability & Beyond?

The financial sector underwent a significant transformation through Decentralised Finance (DeFi) which began as peer-to-peer experimentation before developing into a multi-chain system...

Related Articles

Crypto Regulation in India: What to Expect in 2026

Current State of Crypto Regulation in India The digital finance sector in...

Institutional Restaking On the Rise: What is it and What Are the Pitfalls?

Restaking has proven to be a way to generate additional rewards by...

Bitcoin Flash Crash: Why Did It Happen and What Comes Next for Bitcoin?

  Bitcoin is in existential shock, with lots of uncertainties and tense...

What the Future of DeFi Looks Like: DeFi 2.0, Interoperability & Beyond?

The financial sector underwent a significant transformation through Decentralised Finance (DeFi) which...