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Slovenia Unveils Plan for Flat Tax on Crypto Transactions The | Crypto Futures Trading

Slovenia Unveils Plan for Flat Tax on Crypto Transactions

The Slovenian government Thursday unveiled a flat-rate tax proposal on crypto redemptions and asked the Slovenian Parliament to move quickly to approve it.

The proposed tax, which is part of the government's post-COVID recovery plan, would be due when virtual currencies are sold or exchanged, and would be set at an effective rate of just under 5%. The goal is to help "Debureaucratize" and simplify the current system, and improve Slovenia's competitive position as crypto markets take off, the government said.

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