On cryptocurrency, the Slovenian government proposes a 10%
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A 10 percent tax on cryptocurrency transactions is being considered by the Financial Administration of the Republic of Slovenia (FURS). In accordance with present regulations, authorities can analyse the digital asset activities of individuals on an individual basis by going through their transactions.
When it comes to purchasing goods and services as well as converting crypto assets into fiat currency, this new tax policy focuses on the acquisition of goods and Taxes on income will be levied at a rate of 10 percent for individuals who operate within these parameters. An article from STA, a regional news site, provided additional information on the idea.
FURS shared additional information on the proposal in a news report from regional media outlet STA;
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.
During the past few years, Slovenia has been a prominent proponent of digital assets and blockchain technology adoption across Europe Crypto Head, a financial research group, ranked the country sixth in its ability to completely accept cryptocurrency assets.
Search volume on Google (NASDAQ: GOOGL), crypto ATM saturation, as well as regulations were used to generate the Index.