Coin

<ul class="news-points"> 
 <li>Slovakia slashes crypto taxes to an impressive 7%, providing a significant reduction from the previous rate of 39%.</li> 
 <li>The new law declares that exchanging one crypto for another will be considered a non-taxable event.</li> 
 <li>The new legislation allows tax-free purchases of goods and services using crypto up to €2400 per year.</li> 
</ul> 
Slovakia has recently made headlines with the passing of a bill that significantly reduces the tax burden on <a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/">cryptocurrencies</a>. The new legislation, set to take effect on January 1, 2024, aims to create a more favorable environment for cryptocurrency users and promote the adoption of digital assets within the country. The details were shared by Peter Kris, the founder of Mangata Finance. 
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 Big news from my home country Slovakia! Slovakia just passed a bill that will lower the tax on crypto from 39% to 7% The new law outlines that: – holding crypto after 1 year results only in 7% tax – crypto to crypto exchange is non taxable – crypto to stablecoin exchange is… <a href="https://t.co/wSWRJpDVPN" target="_blank" rel="nofollow">pic.twitter.com/wSWRJpDVPN</a>— Peter Kris (@uPeterKris) <a href="https://twitter.com/uPeterKris/status/1675408386060345344?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 2, 2023</a>
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The new law recently passed in Slovakia brings significant changes to the taxation of cryptocurrencies. Effective January …
The post <a rel="nofollow" href="https://coinedition.com/slovakia-eases-crypto-tax-burden-with-clear-legislation/">Slovakia Eases Crypto Tax Burden with Clear Legislation</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Slovakia Eases Crypto Tax Burden with Clear Legislation

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