Slovenia Targets Crypto Gains with New 25% Tax Proposal
The proposal aims to align crypto with other investment income, such as earnings from stocks or bonds, which are already taxed under the current financial regime.
The new tax would apply when individuals cash out their crypto into fiat or use it to buy goods and services. However, crypto-to-crypto transactions would remain outside the scope of taxation. Notably, any gains realized before January 1, 2026, would not be subject to the new rules, giving investors a clear cutoff point.
Under the draft framework, profit would be calculated as the difference between the selling price and the acquisition cost, factoring in transaction fees. Losses could be carried forward to reduce taxable gains in future years. Taxpayers would be required to file an annual return by March 31, with payments due 15 days after submission.
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Government projections suggest the new tax could bring in between 2.5 million and 25 million annually, depending on market activity and investor behavior. The finance ministry has opened the proposal for public consultation before finalizing the legislation.
This initiative follows a notable rise in crypto engagement across the country. A recent survey by the European Central Bank highlighted Slovenia as having the highest rate of cryptocurrency ownership in the eurozone, with 15% of adults holding digital assets in 2023up sharply from just 8% the previous year.
As Slovenia pushes forward with its plan, the move reflects a broader trend across Europe to integrate crypto into existing financial and regulatory systems, ensuring that digital wealth is treated with the same scrutiny as traditional investments.
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Text source: Coindoo
