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New Slovenia Crypto Tax Plan: How the 25% Tax Will Impact Investors

Story Highlights
  • Slovenia proposes a 25% tax on crypto trading gains, if passed will come to an effect from January 2026.

  • The tax applies when selling crypto for traditional money or using it for purchases.

  • Even some Lawmaker warns the tax could push investors and young talent away from Slovenia.

  • Perhaps, Sloveniaโ€™s crypto market could generate up to โ‚ฌ25 million annually with the new tax.

Slovenia is getting more serious about taxing cryptocurrency. After introducing a 10% tax on crypto withdrawals in 2023, the countryโ€™s Finance Ministry now wants to go further – with a new proposal to tax crypto trading profits at 25%. If the law goes through, it will kick in on January 1, 2026.

Itโ€™s a bold move in a country thatโ€™s been quietly building a reputation as crypto-friendly. But will this new tax help create a fairer system – or push investors and innovation away?

Hereโ€™s whatโ€™s changing, who it affects, and why it matters.

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 personโ€™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.

Whoโ€™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.

Warnings of Negative Impact

Not everyone is on board with the plan. Jernej Vrtovec, a member of the opposition New Slovenia party, criticized the proposal. He warned that high taxes could hurt Sloveniaโ€™s growing crypto industry and push away young professionals and investors.

He believes the government should be supporting innovation instead of discouraging it with heavy taxes.

Finance Minister Klemen Boลกtjanฤiฤ defended the proposal, saying the goal isnโ€™t just to collect more money. He said the new tax is about making the system fairer – especially since crypto is one of the most speculative types of investments. According to him, it makes sense to apply tax rules similar to those for other financial assets.

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, Sloveniaโ€™s crypto scene is still developing. 

The government believes this new tax could generate between โ‚ฌ2.5 million and โ‚ฌ25 million a year, depending on how active the market becomes.

As Slovenia weighs fairness against growth, the crypto world watches closely

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FAQs

Is Slovenia crypto friendly?

Slovenia supports crypto innovation but is tightening regulation with higher taxes, which may reduce its appeal.

How much tax will I pay on crypto?

If the law passes, Slovenian residents will pay 25% on crypto gains from sales, payments, or transfers to others.

Which country has the lowest crypto tax?

Countries like the UAE, Portugal, and El Salvador currently offer 0% tax on crypto gains for individuals.

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