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Crypto
Spain's Sumar Party Proposes Legislative Reform to Increase Crypto Taxes
11/26/2025, 03:36
AI SUMMARY
●• Spanish party Sumar proposes shifting crypto gains to the general tax base
●• The reform aims to remove the 30% cap associated with the savings tax base
●• Proposal signals a potential sharp increase in tax liability for Spanish investors
The Sumar parliamentary group in Spain has introduced a legislative reform aiming to significantly increase the tax burden on cryptocurrency gains. The proposal seeks to shift crypto taxation from the current savings tax base to the general tax base.
Currently, savings are taxed at a lower capped rate (around 30%), whereas the general tax base could subject investors to significantly higher progressive rates, reducing the net profitability of digital asset investments in the region.
If passed, this legislation could dampen local retail participation and force Spanish crypto investors to seek tax-efficient alternatives or relocate, reflecting a tightening regulatory tax environment across Europe.