The post Slovenia Proposes 25% Tax on Crypto Profits – Lawmaker Warns of Crypto Slowdown appeared first on Coinpedia Fintech News
Slovenia is planning to take a bigger bite out of crypto profits. After imposing a 10% tax on crypto withdrawals in 2023, the country’s Finance Ministry has now suggested a new law to add a 25% tax on crypto trading gains. If the bill gets passed, the law will begin on January 1, 2026.
Some experts warn that high taxes might scare off investors, which could slow down crypto growth in Slovenia.
Who Will Be Taxed & How?
Under the new law, Slovenian residents will be taxed 25% on net gains from crypto when:
- They sell cryptocurrency in exchange for fiat currency (e.g., euros or dollars)
- They use crypto to pay for goods or services
- They send crypto to another person’s wallet (excluding transfers between personal wallets), whether as a gift or payment
This shift marks a significant expansion in how Slovenia treats crypto transactions for tax purposes.
Who’s Exempt from This Tax?
Not all crypto activity will be taxed. The proposed law clearly outlines exceptions:
- Crypto-to-crypto exchanges (e.g., Bitcoin to Ethereum) are not subject to tax.
- Transfers between your own wallets remain tax-free.
- Holding crypto without selling or spending does not trigger taxation.
In addition, individuals will be required to report annual crypto earnings and maintain accurate transaction records, a step toward greater transparency.
- Also Read :
- Crypto Regulations in Slovenia 2025
- ,
Lawmaker Warns of Negative Impact
However, not everyone agrees with the new plan. Jernej Vrtovec, a member of the opposition New Slovenia party, criticized the proposal. He said that heavy taxation could harm Slovenia’s growing crypto sector and drive young talent and investors out of the country.
He believes the government should encourage innovation, not push it away with high taxes.
Meanwhile, Finance Minister Klemen Boštjančič said the goal of the tax isn’t just to collect more money but to bring fairness to the system. He pointed out that crypto is one of the most speculative financial assets and believes it’s only fair to apply tax rules similar to those for other investments.
How Big Is the Crypto Market in Slovenia?
With an estimated 98,000 crypto users expected in 2025 and a growing market projected to bring in $2.8 million in revenue, Slovenia’s crypto scene is still developing.
The government believes this new tax could generate between €2.5 million to €25 million a year, depending on how active the market becomes.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
