Slovenia’s finance ministry has introduced a draft law proposing a 25% tax on capital gains from cryptocurrency that is set to commence in 2026. This tax will target profits realized when individuals convert cryptocurrency to fiat money or use it for purchasing goods and services. However, transactions involving the exchange of one cryptocurrency for another will remain tax-exempt, and earnings prior to January 1, 2026, will be excluded from taxation, as stated in the ministry’s proposal.

Key Points

• The tax is designed to align cryptocurrency gains with other forms of capital investments such as stocks or bonds.
• Taxpayers will calculate their profit by subtracting the acquisition price from the selling price, factoring in transaction fees. Losses can be carried over to offset future profits.
• Annual tax filings are required by March 31, with payments due within 15 days.
• Preliminary estimates suggest that this new tax could generate between €2.5 million and €25 million annually.

Recent data from the European Central Bank indicates that 15% of Slovenian adults owned cryptocurrencies last year, an increase from 8% in 2022.