🇸🇰⚖ The Slovakian parliament voted to approve lower taxation on profits gained from cryptocurrencies held for at least a year to only 7%.
Parliament members in the European country of Slovakia voted in approval of lowering crypto taxes, among additional measures affecting cryptocurrency holders.to approve an amendment that will reduce personal income tax for profits gained from the sale of cryptocurrencies that have been held by the user for at least a year.
In addition, the bill excludes income in the form of cryptocurrency from a health insurance contribution of 14%.from a local Slovakian media outlet, the Ministry of Finance anticipates a financial impact from the amendment to be around 30 million euros per year.
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