Slovenian authorities proposed a 5% tax on crypto transactions

Transactions of €10 000 ($10,900) or more per year will be taxed

08.04.2022 - 13:40

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What’s new? The Slovenian government has made a proposal to introduce a flat tax of 5% on transactions with digital assets. Transactions of €10 000 ($10 900) or more per year will be taxed. With the new rules, the authorities plan to simplify the existing taxation system and also improve the country’s competitive position as crypto markets develop. If the law passes, Slovenia “will be one of the few countries, if not the only country in the world, with such a simple taxation” for digital currencies, a press release says.

Press release

What had happened before? In October 2021, the Slovenian Ministry of Finance introduced a draft proposing changes to the taxation scheme of digital assets. The department decided that a 10% tax should be implemented for cryptocurrency transactions.

On April 1, the law on the taxation of cryptocurrency transactions came into force in India. Indians have started paying a 30% capital gains tax on transactions with digital assets.

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