The Slovenian Ministry of Finance has introduced a new bill to introduce a 25% tax on profits received from cryptocurrency transactions. The consultation is still ongoing and will close on May 5 with the main goal of aligning the taxation of crypto assets with the current tax legislation of the country. The law will come into force on the 1st of January in the year 2026 if the bill is signed.
According to the statement, the tax would apply when residents sell their crypto for fiat or use it to pay for goods and services. However, crypto-to-crypto trades and wallet transfers within the same user’s ownership will be exempt.
The Finance Ministry says taxpayers must track all transactions for annual returns. The profit will be taxed based on the difference between the purchase and sale price.
Finance Minister Klemen Boštjančič said it’s unreasonable that one of the most speculative financial tools isn’t taxed. “We’re not doing this to generate revenue, but for fairness,” he explained.
But not everyone agrees. Lawmaker Jernej Vrtovec from the opposition party New Slovenia warned that high taxes could push young talent and capital abroad. “Slovenia has the opportunity to become a crypto-friendly country, but with the government’s proposals, we’ll miss the train once more,” he said on X.
Slovenia currently only taxes the withdrawal and payment of cryptocurrencies at a rate of 10%, while trading in cryptocurrencies for fun is not taxed. It is important to note that all business activities such as mining and staking are subject to income tax laws.
It is estimated that by 2025, there are 98,000 users of cryptocurrencies in Slovenia, and the market will bring in $2.8 million. The result of this proposal could dramatically alter the future of Slovenia in the crypto industry.
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