Slovenia's Finance Ministry has proposed a bill to tax cryptocurrency profits at 25%, potentially altering its appeal as a crypto-friendly nation. The proposal, announced this week, seeks to address a perceived loophole where individual crypto traders are not taxed. If approved, the new regulations would require Slovenians to pay 25% of their earnings when converting crypto to fiat currency or using it for purchases.
According to the draft law, exchanging one cryptocurrency for another will remain tax-free. Crypto holders will need to keep records of all transactions and submit annual tax forms by March 31, beginning in 2027, for the previous year's activity. Businesses that receive over €500 in crypto payments will face additional reporting obligations.
Central bank digital currencies, electronic money, security tokens, and NFTs are excluded from this tax regime. For digital assets held before 2026, their cost basis will be reset to their value on January 1, 2026. The government estimates that the new tax could generate between €2.5 million and €25 million annually. The proposal is open for public comment until May 5, with the law potentially taking effect on January 1, 2026.