Crypt tax: Why do Slovaks (not) pay it?

In this episode of the Highgate Talks podcast, we discuss one of the hottest topics in Slovakia – the taxation of cryptocurrencies.

Cryptocurrencies have become a common part of investment portfolios, but the Slovak tax setting raises many questions. Is a rate as high as 45.4% sustainable? Does it motivate investors to pay taxes or just the opposite?

Together with Lenka Buchláková and Peter Varga, partner at Highgate Law & Tax and expert in tax law, we discuss:

• how cryptocurrencies are taxed in Slovakia,
• why the state realistically collects only a fraction of the potential revenue,
• whether high rates lead to tax optimisation or investor outflows,
• what the state’s control options are (and where their limits are),
• whether it makes sense to move abroad (e.g. Dubai),
• and what a fairer and more workable system could look like in the future.

The discussion goes in depth – from the Laffer curve to practical experience with tax audits and investor behaviour.

Moderator: Lenka Buchláková

Guest: Peter Varga – partner at Highgate Law & Tax, expert in tax law and co-author of the book on taxation of cryptocurrencies, Cryptoassets – Taxes and Accounting.

If you’re investing, running a business, or considering crypto as part of your portfolio, this is an episode you shouldn’t miss.