Slovenia’s status as one of the world’s digital asset tax paradise can be changed this year on a new bill that proposes a new tax of 25% on “crypto” trade gains.
The country’s finance ministry has submitted a new bill that proposes that the taxes hose when selling their digital assets for Fiat or do payments. However, it exempts transfers or exchanges of a digital asset to another.
With the title Act on Tax on Gains from the disposal of crypto assets, proposed bill Has been presented to the public for feedback until May 5. If Parliament approves the proposed law that has prepared, the Slovenians will start paying the new taxes at the beginning of next year.
“With the proposal, we strive 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 burdens,” says the Ministry of Finance.
According to the draft bill, taxpayers must keep all records of purchasing and sale of digital assets and “send them to the tax authority on request.” According to its “restoration provision”, the bill would evaluate all digital assets to their actual market value from 1 January 2026, which gives each taxpayer a pure slate.
Defending by the proposal said Finance Minister Klemen Boštjančič that it is only right to “crypto” hold the same taxation Like other sectors in the financial industry. He estimated that the government could net up to $ 25 million ($ 28.4 million) annually from the new taxes.
“The goal of taxation of crypto assets is not to generate tax revenue, but we think it is illogical and unreasonable that one of the most speculative financial instruments is not taxed at all,” he told Local media.
The proposal has faced criticism from some quarters of digital asset and political circles. One of the stated critics is Jernej Vrtovec, a former minister whose party, New Slovenia, is part of the opposition coalition.
Vrtovec says the proposal denies Slovenia “the opportunity to become a crypt -friendly country.”
“With excessive taxation, we will once again see young people and capital fleeing abroad. Taxes should encourage, do not suffocate,” he wrote.
Two years ago Slovenia resigned from its policy without tax, introduce a 10% tax on digital asset withdrawals and payments. However, this update exempted capital gains for holders, to which the government is now targeting.
Slovenia Will be the latest country to update its taxation laws to conduct digital asset holders. Several countries in the European Union have started legislative processes that are trying to adapt digital assets to other assets, including shares. The EU markets in Crypto-Assets (Mica) frameworks Could finally standardize taxation over 450 million person blocks, with a 2023 report from the European Commission advocating for Member States to adapt their frameworks to the regional plan.
Look: Break solutions on blockchain control barriers
https://www.youtube.com/watch?v=t-v_jf4egyq Title = “Youtube video player” Framebord = “0” Allow = “Accelerometer; Autoplay; Clipboard Writing; Encrypted Media; Gyroscopes; Image-in-Image; Web-Share” Reference Policy = “Strict-Origin-When-Cross-ORIGIN” permitted Lorscreen>