Slovenia’s Finance Ministry Proposes 25% Tax on Crypto Profits

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Slovenia’s finance ministry has proposed a 25% tax on personal profits from crypto asset sales, aiming to address a loophole that currently exempts individual investors while taxing business income from crypto trading.

The proposed legislation seeks to create a fairer system for taxing investment income among Slovenian citizens. Presently, individuals trading crypto have an advantage over traditional investments, which the government intends to rectify.

Under the draft law, profits from converting crypto into fiat currency or using crypto for purchases would be taxed. However, exchanging one cryptocurrency for another would not incur taxes.

The new regulations would require taxpayers to keep detailed transaction records and submit annual tax returns by March 31 for the previous year. Additionally, merchants accepting over €500 in crypto would need to report these transactions.