🇪🇸 In Spain, there are plans to strengthen cryptocurrency taxation

$BTC $ETH $BNB In Spain, a parliamentary group has presented amendments to the Congress regarding tax legislation. The aim is to strengthen the taxation of income from cryptocurrency transactions. The amendments propose changes to the following laws:

— Law 58/2003 "General Tax Law";

— Law 35/2006 "On Income Tax";

— Law 29/1987 "On Inheritance and Gift Tax".

The essence of the reform is to tax revenues from cryptocurrency transactions under the personal income tax (PIT) article. Its maximum rate is up to 47%.

Currently, in Spain, this sector is taxed under the savings income tax. Its rate ranges from 21% (from €6,000 to €50,000) to 30% (from €300,000 and above).