Slovak Parliament Votes to Roll Back Crypto Profits Tax Cut

Slovakia will not cut personal income tax on profits from the sale of cryptocurrencies that have been held for at least a year to 7%, under a broad consolidation of the country’s public finances adopted by the parliament Tuesday.

The tax cut, approved by the country’s previous parliament at the end of June, was to enter into force Jan. 1. Eliminating it means that cryptocurrency profits will remain taxed on the current sliding scale of either 19% or 25%.

• Also canceled by the parliament was the plan to free cryptocurrency income from being subject to a health insurance contribution ...