Cryptoassets taxation: the Case of Slovenia

Sabina Taškar Beloglavec; Daniel Zdolšek

doi:10.71159/icemit2518T

Authors

Sabina Taškar Beloglavec University of Maribor, Faculty of Economics and Business, Department of Finance, Slovenia
Daniel Zdolšek University of Maribor, Faculty of Economics and Business, Department of Accounting and Auditing, Slovenia

DOI:

https://doi.org/10.71159/icemit2518T

Keywords:

cryptoassets, cryptocurrency, taxation, capital gain tax, investments, Slovenia

Abstract

Cryptocurrencies are based on relatively new technology and often represent a new type of highly volatile investment rather than a means of payment; therefore, regulators must adapt quickly to the ongoing growth and changing cryptocurrency ecosystem. Justified and non-discriminatory taxation on profits derived from the disposal of any financial assets, including cryptoassets, appears to be the universal core of the taxation problem. The issues regarding cryptotaxation, its taxable activities, and tax base, irrespective of the tax jurisdiction, arise already from the basic definitions, where confusion can be detected. The research question is: How is the taxation of cryptocurrency transactions regulated in the European Union (EU), particularly in Slovenia? The conference paper examines the current legislative framework in the Slovenian cryptoecosystem for natural persons, presents a new proposal for a cryptoassets disposal income tax that has sparked considerable debate in both the crypto and political public in Slovenia, and provides an overview of the current pros and cons.

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