Slovenia’s Treasury Ministry has proposed a 25% tax on capital gains from cryptocurrencies under a draft aimed at filling the country’s tax gaps from 2026.
Taxes apply to profits made by an individual when they sell crypto for Fiat currency or use it for goods or services. However, according to the Ministry of Finance’s proposal, if you exchange one cryptocurrency for another cryptocurrency, it remains tax-free, and profits earned by January 1, 2026 will not be taxed.
The measure aims to better deal with cryptocurrency profits, as well as other capital investments, such as stocks and bonds that are already taxed.
Under the law, individuals calculate profits as the difference between the acquisition adjusted for transaction fees and the value at the time of sale. You can carry forward your losses to offset future profits. Taxpayers must submit annual returns by March 31st and make payment within 15 days.
According to preliminary government estimates, the tax could generate between 2.5 million and 25 million euros per year. The country’s Treasury Department is seeking public feedback on proposals that will come into effect next year.
The proposal shows that Slovenia has the highest share of cryptocurrency owners in the Euro region, showing that 15% of adults holding digital currency last year are up from 8% in 2022.
Disclaimer: The information collected for this article was translated using artificial intelligence.