Proposal on cryptocurrency tax enters public consultation

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 – The Finance Ministry has sent a draft law on cryptocurrency taxation in for public consultation on Tuesday. It provides for a 10% tax on individuals exchanging cryptocurrency for fiat currency and on purchases made with cryptocurrencies. The threshold for tax liability would be EUR 15,000 in a calendar year. The Finance Ministry has published the proposal on the e-democracy online portal for public consultation. The solutions in the proposal apply to natural persons who qualify as residents of Slovenia under the income tax act. The law would not…

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