PANews reported on November 26 that, according to Criptonoticias, the Sumar parliamentary group in Spain has submitted a bill to the Chamber of Deputies to amend three tax laws related to cryptocurrencies. These amendments include: amending General Tax Law No. 58 of 2003, covering statutes of limitations, tax collection, mutual assistance, and disclosure obligations; amending Personal Income Tax Law No. 35 of 2006, which would tax income from crypto assets not considered financial instruments at the general personal income tax base (currently up to 47%), instead of the current savings tax base (up to 30%); and amending Inheritance and Gift Tax Law No. 29 of 1987, which would include all crypto assets in the category of seizureable assets, expanding the scope of existing rules (previously only applicable to crypto assets regulated by the EU's MiCA); and subjecting crypto asset income to a 30% corporate income tax rate. The proposal also stipulates that the Spanish National Securities Market Commission (CNMV) create a visual risk indicator system for cryptocurrencies, mandating its display on Spanish investor platforms, with assessment factors including official registration, regulation, guarantees, and liquidity.PANews reported on November 26 that, according to Criptonoticias, the Sumar parliamentary group in Spain has submitted a bill to the Chamber of Deputies to amend three tax laws related to cryptocurrencies. These amendments include: amending General Tax Law No. 58 of 2003, covering statutes of limitations, tax collection, mutual assistance, and disclosure obligations; amending Personal Income Tax Law No. 35 of 2006, which would tax income from crypto assets not considered financial instruments at the general personal income tax base (currently up to 47%), instead of the current savings tax base (up to 30%); and amending Inheritance and Gift Tax Law No. 29 of 1987, which would include all crypto assets in the category of seizureable assets, expanding the scope of existing rules (previously only applicable to crypto assets regulated by the EU's MiCA); and subjecting crypto asset income to a 30% corporate income tax rate. The proposal also stipulates that the Spanish National Securities Market Commission (CNMV) create a visual risk indicator system for cryptocurrencies, mandating its display on Spanish investor platforms, with assessment factors including official registration, regulation, guarantees, and liquidity.