Post
Topic
Board Bitcoin Discussion
Re: Slovenia getting ready to tax crypto. Will others follow?
by
cabron
on 28/10/2021, 04:43:37 UTC
a law to levy a 10% tax on all fiat-to-crypto conversions and cryptocurrency transfers.
Trading of anything including cryptocurrencies have always been subject to taxation. I've even seen up to 30% tax on trading profit. A lot of countries already have such taxes on cryptocurrency trading so it is not a new thing for "others to follow" after Slovenia does it since they are already behind themselves.
As for "transfers" you can't tax them at all unless they tax the businesses accepting bitcoin payments for each payment which is a different story.

Shouldn't the tax be from crypto to fiat conversion?
If it's fiat to crypto conversion it's almost like taxing unrealized assets like the US proposal of taxing the rich but actually affecting everyone.

Paying tax is everyone's responsibility to thier government though so it's got to be done I guess Slovenia will finally be doing it. If the experiment will not spark protest I guess it's fair to the Slovenians. If other countries will follow I think they should just adjust the minimum 10% is actually big.