Slovakia's crypto-asset market is developing within the broader Central European ecosystem. DAC8 transposition will establish formal reporting obligations for CASPs operating in a jurisdiction that has been refining its approach to digital asset taxation.
Regulatory and Tax Context
The National Bank of Slovakia (Národná banka Slovenska — NBS) supervises financial services. CASPs register under the AML framework supervised by the Financial Intelligence Unit. Slovakia taxes crypto-asset gains as other income (ostatné príjmy) at a rate of 19% (or 25% above a certain threshold), with a €500 annual exemption for occasional crypto trading.
Transposition and TIN System
The Ministry of Finance (Ministerstvo financií) leads transposition. The Financial Directorate (Finančné riaditeľstvo) will serve as the competent authority. Slovakia uses the rodné číslo (birth number) as the individual identifier and the DIČ (daňové identifikačné číslo) as the formal TIN. Entities use the IČO (identifikačné číslo organizácie).
Penalties and Impact
Penalties include fines under the Tax Administration Act for reporting failures. Slovak CASPs, typically smaller in scale, will need external support or third-party solutions to meet DAC8's technical reporting requirements.
Conclusion
Slovakia's developing crypto market makes early DAC8 preparation essential for CASPs that want to continue operating as the regulatory environment matures.
Preparing for DAC8?
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