Spain Proposes Crypto Tax Bill in Chamber of Deputies

The Sumar parliamentary group in Spain on November 26 proposed amendments to tax laws affecting cryptocurrencies, aiming to impose stricter regulations on income, inheritance, and disclosure requirements.

This legislative proposal could significantly impact Spanish crypto investors and the market, yet official government confirmation and further details remain. Monitoring official updates is crucial.

Sumar Advocates 47% Tax on Cryptocurrency Income

Sumar introduced a bill to amend tax laws affecting cryptocurrencies, presented in the Chamber of Deputies. The amendments involve three existing laws. These changes would switch the taxation of crypto income from the savings base to the general personal income base. As a consequence, taxing up to 47% instead of the current 30% maximum could increase the financial burden on crypto-investors.

The bill suggests taxing corporate income on crypto at a new 30% rate. It also proposes creating a visual risk indicator for cryptocurrencies to improve regulation transparency. This change aims to enhance investor alerts. The risk indicator would require factors including regulation, registration, and liquidity, offering more detailed assessments of crypto assets.

As of now, there are no direct quotes or official commentary available regarding the proposed legislative amendments from the Sumar parliamentary group in Spain about cryptocurrency tax laws. The absence of public statements or verified reactions from key players, regulatory bodies, or crypto community leaders reflects a lack of engagement on this specific topic as of November 26, 2025.

Potential Global Implications for Spain’s Crypto Market

Did you know? Historically, Spain shifted crypto tax rules from capital gains (19-28%) to correspond with general income tax rates (up to 47%), impacting investors’ tax obligations considerably.

According to CoinMarketCap, Bitcoin (BTC) currently trades at $87,742.00 with a market capitalization of $1.75 trillion. Its price has seen a 24-hour decrease of 0.09%, with broader declines of 5.26% over seven days and 23.65% across 30 days. The 24-hour trading volume stands at $63.58 billion, highlighting a notable 9.90% decrease.

Coincu researchers indicate that adopting the proposed amendments could influence future crypto adoption in Spain, possibly driving innovation outside national borders. Historical tax changes suggest increased regulatory intent, shaping both local investments and potential international relations in digital finance.