Read the story here. Advertise at Before It's News here.
Profile image
Story Views
Last hour:
Last 24 hours:

Slovenia clarified the question of Bitcoin taxation

% of readers think this story is Fact. Add your two cents.

The Tax Administration of the Republic of Slovenia requested a formal response from the Ministry of Finance about status of Bitcoin and other virtual currencies. About it writes portal CoinDesk. The Ministry of Finance published the official response which says that it is not a monetary means under Slovenian law and it is not a financial instrument. However, the ministry stressed that taxation of Bitcoin income still warrants a review on an individual basis. It is necessary to determine who actually generates an income, and classify what sort of income is being generated.

Thus some income will be taxed. Income made by individuals is subject to standard income tax provisions, irrespective of the form. Bitcoin income will apparently be taxed by measuring the bitcoin/euro exchange at the time of the transaction. Personal income tax is not paid on capital gains. Individuals who generate income by selling Bitcoins will not pay income tax. At that profits derived from trading and mining Bitcoin are taxed as income under the provisions of Slovenian personal income legislation.

Corporate regulations remain ambiguous. Ministry of Finance stressed that the current legislative framework contains no provisions applicable to businesses involved in Bitcoin trading.

See also:

  • Germany sets standard for Bitcoin regulation
  • Korea is not recognized the Bitcoin
  • Europe continues to look closely to Bitcoin
  • Online-casino was sold with Bitcoin
  • The police chief in USA will receive their salaries in Bitcoins

  • Source:

    Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

    Anyone can join.
    Anyone can contribute.
    Anyone can become informed about their world.

    "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

    Please Help Support BeforeitsNews by trying our Natural Health Products below!

    Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

    Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

    Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

    Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

    MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
    Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
    Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
    Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

    Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

    Report abuse


      Your Comments
      Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

      Load more ...




      Email this story
      Email this story

      If you really want to ban this commenter, please write down the reason:

      If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.