Slovakia is a country in the European Union and has one of the highest tax rates on crypto in the world. A change was announced in Q3 2023, and taxes should have been lowered in 2024. After the Slovak parliament elections, new elected Slovak government in Q4 2023 stopped the new tax legislation.
So, in 2024, Bitcoin and crypto taxes for individuals in Slovakia
Regular 19% or progressive 25% capital gains tax, and 15% as government mandatory health insurance (health tax). Individual person in Slovakia pays 34% or progressive 40% tax on Bitcoin or crypto.
What is considered a taxable crypto event in Slovakia
Selling BTC or crypto with profits to € or other fiat currencies.
Selling cryptocurrency to another cryptocurrency, considering the nominal profit since the first acquisition.
Buying a coffee or any physical product or service also considers the nominal profit made since the initial acquisition of Bitcoin or other cryptocurrency.
All profits from staking or various forms of interests paid out in cryptocurrencies, coins or tokens.
How about business and corporate crypto taxes in the Slovak republic
Companies, both private and publicly traded corporations don’t have to pay the above-mentioned Health Tax. The capital gains tax applies (and other possible taxes in regards to their business).
Bitcoin and crypto capital gains tax rate for companies in Slovakia is regular 15% or progressive 21%.
BTC and crypto tax rates in Slovakia – data table
| Subject | Tax rate on Bitcoin and crypto profits | Note |
| Individual | 34% or 40% | 2 tiers of capital gains tax + health insurance tax |
| Corporations and businesses | 15% or 21% | 2 progressive tiers of capital gains tax |
What is progressive tax in Slovakia?
When the tax rate increases for an individual or a company, and their income or profits go above a certain threshold.
When are these taxes paid
Both capital gains tax and health insurance tax on Bitcoin and crypto profits are paid once a year. Usually by the end of March for the year prior. For instance, taxes on profits from 2023 are all reported by the end of March 2024, and paid in the days after that. In some cases, reporting and settlement of taxes can be later in the year. Multiple options and postponements are available, for instance for individuals and corporations with revenue from other countries.
*Confirm your personal or company taxes with a professional or an accountant. Do not simply rely on this article.
Slovak crypto regulations and tax laws
Act No. 595/2003 Coll. on Income Tax, as amended – Zákon č. 595/2003 Z. z. o dani z príjmov v znení neskorších predpisov
Act No 431/2002 Coll. on Accounting, as amended – Zákon č. 431/2002 Z. z. o účtovníctve v znení neskorších predpisov
