Greece approves 10% tax on cryptocurrency gains
Key points
- Greece’s parliament has approved a 10% tax on individual gains from cryptocurrency sales.
- The framework includes a €500 annual exemption and a separate 15% tax on certain crypto-related income.
- The legislation also addresses crypto-to-crypto exchanges, staking returns and the tax treatment of digital assets.
Greece’s parliament approved the country’s first comprehensive cryptocurrency tax framework, introducing a 10% capital gains levy.
The measure exempts annual cryptocurrency gains of up to €500, setting a threshold below which investors pay no capital gains tax.
Further implementation directives will define transparency and audit requirements, according to a senior finance ministry official quoted by Reuters.
The approval follows a government consultation launched in October, which proposed closing gaps in Greece’s treatment of crypto-assets.
The new rate places Greece within a European market where cryptocurrency capital gains taxes range from 8% to 30%.
However, the government has not estimated potential tax revenue because many Greek investors use cryptocurrency platforms based overseas.
The ministry’s original proposal also addressed crypto-to-crypto exchanges, staking, lending and liquidity provision, alongside inheritance and gift taxation.
The approval establishes a dedicated tax framework for cryptocurrency gains in Greece, while implementation details remain forthcoming.
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