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Slovenia clarified the question of Bitcoin taxation

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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: http://ecurrency.ec/2013/12/slovenia-clarified-the-question-of-bitcoin-taxation/?utm_source=rss&utm_medium=rss&utm_campaign=slovenia-clarified-the-question-of-bitcoin-taxation


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