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Slovakia Significantly Lowers Crypto Tax Rates Amid Digital Euro Fears

The deputies of Slovakia's National Council, the country's legislative body, voted on June 28 to endorse an amendment that will reduce the taxation of cryptocurrencies in the country. Per the approval, the personal incom...

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Slovakia Significantly Lowers Crypto Tax Rates Amid Digital Euro Fears
The deputies of Slovakia's National Council, the country's legislative body, voted on June 28 to endorse an amendment that will reduce the taxation of cryptocurrencies in the country.
Per the approval, the personal income tax for profits made from the sale of cryptocurrencies, held by the user for at least one year, will be lowered to 7%. The current taxation sliding scale for digital assets is either 19% or 25%....
Read More: Slovakia Significantly Lowers Crypto Tax Rates Amid Digital Euro Fears

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