The Financial Administration of the Republic of Slovenia (FURS) is taking into consideration applying a 10% taxable income bill on crypto-asset activity.
As of now, FURS looks at an individual’s digital asset activity on a case-by-case basis by analyzing their transactions (buying and selling). This obviously makes the process move very slowly.
This new initiative will digitally streamline the process as it will focus only on the buying of goods and services or on the conversion of crypto assets into fiat currencies. A 10% tax rate will be applied to the income.
The Financial Administration of the Republic of Slovenia stated:
“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.”