Slovenia’s Ministry of Finance has proposed imposing a 25% tax on crypto profits and derivatives. The draft bill has been released for public consultation, which will be open until May 5, 2025. This will make Slovenia one of the first European nations to adopt the regulations. Finance Ministry Sets Clearer Rules on Crypto Asset Gains According to reports, the Ministry of Finance in Ljubljana presented the draft on Thursday through its Directorate for the Tax, Customs and Other Public Revenue System. As detailed , the proposal focuses on taxing profits from the sale or use of digital assets. This includes cases where crypto is converted into fiat currency, used to buy goods or services, or transferred to another person. Under the new rule, these are all treated as disposals. It is worth noting that the draft excludes crypto-to-crypto exchanges or transfers between wallets belonging to the same holder. This is seen as an attempt to reduce the reporting burden for users who do not convert their holdings into money or spend it. The proposed law intends to align Slovenia with international tax practices while keeping the paperwork manageable for taxpayers. It was reported that the ministry fixed the tax rate at 25%. Additionally, profits will be calculated by subtracting the crypto’s acquisition value from its value at the time of disposal. It is important to add that taxpayers must maintain accurate records of their acquisitions and sales. Authorities may ask to see these records at any time. Simplified Option for Taxpayers Included in Draft The proposal also includes a simplified approach. This method allows taxpayers to calculate their tax based on 40% of the total value of their crypto assets as of December 31, 2025. It also considers all disposals from the past five years and helps those without full records avoid calculating profits on each transaction. In related news, Ukraine’s financial watchdog has proposed taxing certain crypto transactions as personal income , with rates up to 23%. The watchdog aims to align with global standards while meeting local financial needs. Derivatives Also Face the Same Crypto Tax Rate Alongside crypto, the Ministry has included derivative financial instruments in the proposal. These would be taxed at the same 25%, no matter how long the asset was held before being sold. This change supports Slovenia’s Capital Market Development Strategy for 2023 to 2030, pushing for a more uniform tax system. Meanwhile, a Nigerian court has delayed Binance’s next hearing in the $2 billion tax evasion case until April 30 , allowing time for the tax authority to respond to a legal objection raised by Binance. The post Slovenia Moves to Impose 25% Tax on Crypto Profits appeared first on TheCoinrise.com .