🚨💰 Slovenia’s finance ministry floats 25% tax on crypto transactions 🤐
Jernej Vrtovec, the representative of the New Slovenia opposition party, has slammed the proposal over fears it will stifle crypto growth in the countr.
📊 The bill proposes to tax traders when they sell their cryptocurrency for fiat or pay for goods and services, but crypto-to-crypto and transfers between wallets owned by the same user will be exempt, Slovenia’s Finance Ministry said in an April 17 statement.
Under the proposed legislation, crypto tax will be aligned with existing tax laws. Slovenia taxpayers will be required to keep a record of all their transactions for annual tax returns.
😤 The tax base would be calculated on profits by subtracting the purchase price from the sale price.
The proposal is open to public consultation until May 5. If Slovenian lawmakers pass the bill, it will go into effect on Jan. 1, 2026.
Slovenia introduced a 10% tax on crypto withdrawals and payments in 2023, but capital gains from occasional crypto trading are not taxed, according to the crypto tax platform Token Tax.
👀 The number of crypto users in Slovenia is projected to reach roughly 98,000 in 2025, according to online data platform Statista, with a penetration rate of 4.6% among its population of 2.12 million people.
While the projected revenue for the country's crypto market is slated to hit $2.8 million. 🤑🤑
