Navigating Spain’s New Crypto Payroll Tax Reforms
Spain has decided to shake things up with a new proposal to change its crypto tax regulations. And wow, it’s a biggie! Proposed tax rates could hit 47%, which is bound to shake up the whole crypto payroll scene. Here’s what I think about how this will play out for businesses and employees in the crypto realm, the hurdles fintech startups will have to jump over, and the compliance steps we’ll need to take to stay on the right side of the law.
A Closer Look at Spain’s Proposed Tax Reforms
So here’s the lowdown: Spain’s Sumar parliamentary group has put forth a sweeping proposal to revamp the country’s crypto tax structure. The first big change? Raising taxes on Bitcoin and other digital assets. The proposal looks to amend…
