Slovenia Prepares to Impose 10% Tax on Spending and Selling Cryptocurrency
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....
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Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed. Slovenia to Amend Tax Rules for Cryptocurrencies The Finance Ministry in Ljubljana has opened public consultations on a draft law regulating cryptocurrency taxation, Slovenian media reported. The legislation is based on proposals made by the Financial Administration of the Republic of Slovenia (FURS), which were announced....
Jure Pirc: We Promote Bitcoin And Blockchain For Common Users In Slovenia To Make Government Adopt It. Jure Pirc is the president of Bitcoin Association Slovenia, a non-profit organization engaged in raising people’s awareness on Bitcoin and Blockchain technologies. Slovenia isn’t closed for Bitcoin and Blockchain but the government still treats those innovations suspiciously. The main reason for this is a lack of awareness about these technologies. In the following interview Pirc told CoinTelegraph about the problems in the Slovenian crypto market and the ways the Bitcoin Association....
In response to numerous queries from the public, the Slovenian tax administration issued a statement this week clarifying its position on Bitcoins and other cryptocurrencies. The tax agency sought clarity from the country’s ministry of finance, which said Slovenia does not regard digital currencies as monetary assets, nor does it consider digital currencies to be financial instruments. That said, taxes on Bitcoin profits could be levied on a case-by-case basis, depending on who actually generates the income, according to the statement. Bottom line: The door is open to having your Bitcoin....
The Bitcoin Foundation has announced their first affiliate organization in Southern-central Europe, according to a Wednesday press announcement. Dubbed Bitcoin Institut (or simply as Bitcoin Foundation Slovenia) is just one of the latest affiliates to join the Bitcoin Foundation in their endeavors to protect, standardize, and expand the reach of bitcoin around the world. The Slovenia arm is specifically focused on several elements. First, educating the local public on bitcoin and cryptocurrency payments. Second, helping build strong local communities. Third, helping support both businesses....
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