Proposal on cryptocurrency tax amended

BERLIN, GERMANY - FEBRUARY 15: In this photo illustration model Bitcoins lying on Dollar bills on February 15, 2016 in Berlin, Germany. (Photo Illustration by Thomas Trutschel/Photothek via Getty Images)

Ljubljana – Only a day after putting out a proposal on taxation of trading in cryptocurrencies, the Financial Administration (FURS) said it will amend the proposal amid a strong response from stakeholders to give taxpayers the option to chose between paying tax either on the profits they make or as a percentage of the cryptocurrency they cash in. FURS initially proposed imposing a 10% tax rate on the amount of cryptocurrency turned into non-virtual currency or spent on goods or services, a proposal that FURS today said met with “extensive…

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