The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax rate for transactions involving the spending or converting of cryptocurrencies into fiat money.
Tax Office Wants to Simplify Crypto Taxation in Slovenia
The Financial Administration of the Republic of Slovenia (FURS) has proposed changes to the taxation regime applicable to cryptocurrencies. The authority wants to impose a 10% tax for the crypto amounts spent on goods and services or converted into cash. Quoted in a report by the STA news agency, FURS clarified:
We would like to emphasize that it is not profit which would be taxed but rather the amount a Slovenian tax resident receives on their bank account on turning the virtual currency into cash or when buying a thing.
The Slovenian tax office intends to implement the new taxation scheme through the adoption of legislative changes. FURS claims it would significantly simplify the way cryptocurrency-related income is taxed in the EU member state.
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