Slovenian Ministry of Finance unveiled draft bill to tax crypto trading

The proposed measure was supported by the Chamber of Commerce and Industry of the country

18.02.2022 - 14:20

454

1 min

What’s new? The Slovenian Ministry of Finance has published a draft bill that is to introduce a tax on crypto asset trading. As a next step, the government may submit the bill to the Slovenian parliament for further legislative work. According to the document, taxes will not be paid on cryptocurrencies used to buy goods or services worth up to 15 000 EUR.

Information on the eUprava website

What does the document say? In the document’s financial impact assessment, the ministry cites data from the Financial administration of the Republic of Slovenia. The agency’s website states:

“Data available online shows that the share of the market capitalization of virtual currencies, compared to the market capitalization of companies listed on world stock exchanges, is 1-2%. Thus, we estimate that the revenues of the state budget from this title will amount to 100 000 EUR to 500 000 EUR per year in the first few years.”

Who supported the draft bill? The proposed measure received the support of the Chamber of Commerce and Industry of Slovenia. Aleš Cantarutti, General Director of the agency, added:

“At the Chamber of Commerce and Industry, we support the bill. We believe that additional revenues of the state budget from this title (100 000 EUR to 500 000 EUR per year, according to statistical estimates) can contribute to the planned tax (income tax) relief of net wages in Slovenia for which we have been lobbying for many years.”

Author: