With a majority vote, the National Council of Slovakia approved a bill that aims to reduce taxes on income from the sale of crypto-assets.
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To be precise, the parliament passed in the third reading an amendment on the tax rate of 7%, which will be applied to the profit from the sales of cryptocurrency held in the user’s accounts during the year;
This is much lower than the usual sliding current income tax rate of 19% and up to 25% for Slovak citizens.
In addition, by decision of the Slovak National Council, cryptocurrency income is exempt from paying the 14% “country health tax”. Payments of less than 2,400 euros ($2,624) will also not be taxable.
Earlier, Japan’s national tax agency decided to
To revise the law on the taxation of cryptocurrencies. Now companies that issue digital assets, like their holders, don’t have to pay a 30% tax on unrealized gains.