Spain’s Sumar parliamentary group has proposed three amendments to tax laws on digital assets, which would increase the burden on profits from Bitcoin and other digital currencies.
The bill submitted this month to the House of Representatives plans to impose a tax on profits from digital assets – which are not considered financial instruments – in the general bracket of the personal income tax (IRPF), which reaches a maximum rate of 47% according to data from Wolters Kluwer.
According to the CriptoNoticias report, digital assets are currently subject to basic savings rates with taxes of up to 30%, and the group also clarified that profits from these assets must also be included in corporate tax at the rate of 30%.
In the third amendment, the bill proposes that the National Securities Markets Authority (CNMV) establishes a visual system for assessing the risks of digital currencies based on the colors of traffic lights, and displayed directly on investor platforms in Spain, taking into account official registration, subject to supervision, and the availability of support and liquidity.
For his part, economist and tax advisor José Antonio Bravo Mateu said that these amendments “clearly target Bitcoin, Ethereum and the rest of digital currencies.”
The proposal also planned to include all digital currencies within the scope of confiscable assets, which expands the previous rule that only applied to assets subject to the European Union’s framework for digital asset markets (MiCA), while lawyer Chris Carrascosa confirmed that this legislative proposal is “inapplicable” stating: “If approved, it will cause complete chaos in the entire tax system for digital currencies in Spain.
URGENT: The Sumar Parliamentary Group presented three people in the project of what happened next, modifying many of the new contributions of the past and at the start of the day there will be bad news for Spain as the country.
Here are the words used for motivations:…
—Cris Carrascosa
(@CarrascosaCris_) November 25, 2025
Spanish Lawmakers Demand Warning Lights Related to Digital Asset Risks
As Cryptonews reported in July, a Spanish parliamentary coalition demanded that the National Securities Market Authority (CNMV) require cryptocurrencies to carry warning lights similar to “traffic lights.”
The system aims to help users determine the type of assets they want to buy based on “clear visual signals”, and the Sumar parliamentary group also wanted to rename certain digital currencies, including Bitcoin and Ethereum.
Economist José Antonio called these efforts “futile attacks on Bitcoin,” noting that the currency is “resistant to political attacks” by nature. He added in his account on the
Uncertainty over crypto tax contributions extends across Spain
Last August, Spanish authorities imposed a €9 million tax on a crypto investor for a transaction that generated no gains. According to the Spanish Tax Administration (AEAT), non-profit transactions are included in the list of capital gains, and this incident reveals loopholes in crypto laws and their local taxes, with legal experts and European Union regulators warning that investors in Spain will be left without fair protection.
In the same context, Lullius Partners, the leading Spanish tax law firm, noted at the time that “Spanish tax law still lacks clear guidelines on how to tax digital currency holdings or digitally represented assets,” and added: “It is extremely difficult to determine when and under what conditions crypto transactions are considered taxable.” »
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