Slovenia Proposes New 25% Tax on Individual Crypto Profits – Coincu

Slovenian Ministry of Finance has proposed a 25% tax on individual cryptocurrency profits, with feedback open until May 5, 2025. If ratified, it could come into effect by January 2026.

The proposal aims to close existing tax loopholes for individuals, aligning Slovenia’s regulations with broader EU standards.

Slovenia Targets 2026 for New Crypto Tax Policy

Slovenia’s Ministry of Finance unveiled a proposal for a 25% tax on crypto profits, targeting individual investors. Currently, businesses are taxed, but individuals are exempt. The proposal seeks public feedback by May 5, 2025.

The tax, affecting cryptocurrencies like Bitcoin and Ethereum, would apply to profits from converting to fiat or for goods/services. Security tokens, CBDCs, and NFTs remain excluded. An annual revenue of €2.5–25 million is anticipated, should market adherence be strong.

Community reactions are notably muted. No substantial public commentary exists from key leaders or industry innovators. Official statements stress compliance with EU and OECD frameworks. Industry experts suggest a shift to more favorable jurisdictions should the legislation pass.

“With the proposal, we aim to harmonize the taxation of income from the same or similar financial instruments and ensure a clear regulation for taxpayers with the least possible administrative burden.” — Ministry of Finance, Government of Slovenia

Crypto-Friendly Past and Future Implications Explored

Did you know? Slovenia historically exhibited crypto-friendly policies with limited taxation, allowing individual investors to grow unhindered until this proposition, drawing it closer in line with EU nations like Germany.

Bitcoin’s current price stands at $84,901.16, backed by a market cap of $1.69 trillion, as per CoinMarketCap data. Trading volume saw a 27.94% drop over the past day. With 19.85 million BTC in circulation, the market dominance holds at 63.04%.

Experts from Coincu emphasize the legislative move’s alignment with EU trends towards more stringent crypto regulation. Appropriately regulated frameworks could inspire safer investment environments, though possibly hampering crypto adoption if overly stringent.