Slovenia Plans 25% Tax on Crypto Profits to Close Loopholes
The move targets a long-standing gap in the system that lets individual investors avoid taxes, unlike businesses that already face levies on crypto-related income.
The proposed tax would apply when crypto is converted into euros or used to purchase goods and services. However, swapping one cryptocurrency for another would remain tax-free under the new rules.
Stricter Reporting and Compliance for Investors
If passed, the law would require individuals to:
- Keep detailed transaction records
- Submit annual tax returns by March 31 for the previous year
- Ensure that merchants report crypto payments over 500
- The government says these steps will help create a level playing field for crypto and traditional investors.
Whats Excluded From the Tax?
The proposed rules exclude:
- CBDCs (Central Bank Digital Currencies)
- E-money
- Security tokens
- NFTs
The draft legislation aligns with the EUs MiCA regulation and the OECDs CARF framework, signaling Slovenias commitment to harmonizing crypto rules across international standards.
The post Slovenia Plans 25% Tax on Crypto Profits to Close Loopholes appeared first on Coindoo.
Read more: https://coindoo.com/slovenia-plans-25-tax-on-crypto-profits-to-close-loopholes/
Text source: Coindoo
