The Ministry of Finance in Slovenia is considering a 25 % potential tax on the profits of encryption trading for residents of the country under a new open bill now for public consultation.
The draft law suggests taxes on merchants when selling their cryptocurrencies for Fiat or paying the price of goods and services, however Crypto encryption And transfers between the portfolio owned by the same user will be exempt, the Ministry of Finance in Slovenia He said In April 17 statement.
Under the proposed legislation, the encryption tax will be aligned with the current tax laws. Slovenia taxpayers will be asked to keep a record of all their annual tax declarations. The tax base will be calculated on the profits by offering the purchase price from the sale price.
In a statement to the Slovenia newspaper, Minister of Finance Commeen Bouganeshi He said It is unreasonable that the trading of encryption for individuals is not currently imposed in the country.
“The goal of imposing taxes on encryption assets is not to generate tax revenues, but we find that it is unreasonable that one of the most speculative financial tools is not imposed at all.”
The legislator says that the new tax may suffocate the encryption in Slovenia
Jerney Gertovic, a member of the National Assembly in Slovenia and the opposition party in New Slovenia, canceled the proposal in a statement on April 16 to x, Argument Crypting growth in the country can suffocate.
“Slovenia has an opportunity to become a friendly country for encryption, but with government proposals, we will miss the train again.”
“With excessive taxes, we will again see young people and capital flee abroad. You should encourage taxes, not strangle.”
The proposal is open for public consultation until May 5. If the Slovenian lawmakers pass the bill, then it will go into force on January 1, 2026.
Slovenia a 10 % tax on the withdrawals and encrypted payments In 2023, the capitalist gains resulting from the trading of encryption sometimes are not imposed on it, According to For the code tax from the encryption tax platform.
Related to: NFT Trader faces imprisonment for $ 13 million tax fraud on Cryptopung profits
The encryption activity can be currently Exempt from the tax if it is considered a hobby. Commercial activity, such as mining or complexity, is subject to income tax.
A previously proposed bill in April 2022 planned a 5 % tax on profits of more than 10,000 euros (11372 dollars), but it was not approved at all.
Slovenia released the first digital sovereign bond in European Union on July 25 last year. Its size is 30 million euros (32.5 million dollars) with 3.65 % voucher and the date of November 25 of that year.
The number of encryption users in Slovenia is expected to reach about 98,000 in 2025, According to To Statisa online data platform, with a penetration rate of 4.6 % among its population of 2.12 million people. While the expected revenues of the coding market in the country are scheduled to reach $ 2.8 million.
magazine: How encryption laws change all over the world in 2025
publish_date
