Slovenia imposes a 25% tax on personal profits from cryptocurrencies
The Ministry of Finance in Slovenia has proposed a 25% tax on personal profits derived from trading cryptocurrencies, in a move aimed at closing an existing legislative gap that exempts individuals from taxes, while companies dealing with cryptocurrencies are subject to clear tax requirements.
This proposal aims to achieve greater tax fairness among different categories of investors, as individuals currently enjoy preferential treatment compared to investors in traditional assets.
Under the proposed law, the tax will be imposed on profits resulting from converting cryptocurrencies to fiat currencies such as the euro, or when used as a means of payment for goods and services.
Conversely, exchanging one cryptocurrency for another will remain tax-exempt.
The proposed law also imposes additional regulatory obligations, as taxpayers will be required to maintain detailed records of their transactions and submit annual tax returns by March 31 of each year.
It also requires merchants receiving cryptocurrency payments exceeding 500 euros to report those transactions.
Central bank-issued digital currencies, electronic money, security tokens, and non-fungible tokens (NFTs) are excluded from the scope of the legislation.
