How is crypto taxed in Slovakia?

Crypto tax in Slovakia falls under the ordinary Income Tax Act, with no lower rate for long-term holders. The Financial Administration (Finančná správa) treats an individual's crypto gains as other income in the regular tax base. A reduced 7% rate was voted through in 2023 but repealed before it started, so as of October 2026 holding period makes no difference.

How does cryptocurrency tax in Slovakia work?

For a person not trading as a business, Finančná správa says income from selling crypto-assets is taxable under section 8 of the Income Tax Act, which covers other income. A sale includes exchanging crypto for property, for a service or for another crypto-asset, and transferring it for payment. The income belongs to the tax year in which the sale or exchange happens, valued at the market price on that day.

Costs that can be deducted include the purchase price, the energy cost of mining, and compulsory social and health insurance paid on this income. Mined crypto is taxed when it is sold or exchanged, not when it is mined. The authority also says that if costs exceed income, the excess is disregarded, so a net crypto loss does not reduce other taxable income. Keeping records of purchase prices matters, as explained in crypto cost basis.

What is the Slovakia crypto tax rate?

There is no separate crypto rate. Bloomberg Tax reported in December 2023 that crypto profits stay on the sliding scale of 19% and 25%. PwC's summary, reviewed in September 2026, gives 19% on a tax base up to about €48,441 for 2025, with 25% above it. From 2026 the 25% band starts at a lower threshold, and new 30% and 35% bands apply to higher incomes.

Bloomberg Tax also reported that parliament dropped a plan to exempt crypto income from health insurance contributions, so those contributions can apply on top of income tax.

What happened to Slovakia's 7% crypto tax?

In mid-2023 the previous parliament approved changes from January 1, 2024. KPMG reported that gains on crypto held more than a year would be taxed at a special 7% rate without health insurance, and that net gains of up to €2,400 a year from exchanging crypto for goods or services would be exempt.

On December 19, 2023, the new parliament voted to roll the cut back as part of a public finance package, Bloomberg Tax reported, so the 7% rate never took effect. KPMG's December alert noted the exemption for using crypto was removed as well. For a country that does reward long holding, compare how crypto is taxed in Germany, or see its neighbor in how crypto is taxed in the Czech Republic.

Rules differ by country and change often. Check the Finančná správa or a qualified professional for your own situation.