Cryptoupdated 1h ago2 min read
Greece Prepares 10% Crypto Capital Gains Tax With €500 Annual Exemption
Greece drafts bill proposes 10% tax on crypto capital gains. Annual crypto gains up to €500 exempt from the tax.
10% tax draft unveiled
Greece is preparing legislation to impose a 10% capital gains tax on cryptocurrencies, with the draft bill published for public consultation late on Thursday. The draft bill would exempt cryptocurrency capital gains of up to €500 ($559.95) per year from the new tax.
Reuters said the bill is due to be submitted to parliament in November, and Greek officials said there is no comprehensive legal framework for taxing cryptocurrencies in Greece. Reuters also said Greek officials have found it very difficult to estimate the size of Greece's cryptocurrency market because the vast majority of investors use platforms outside the country.
Consultation and parliamentary timing
Greece's Ministry of National Economy and Finance published a draft bill on Wednesday proposing a 10% tax on individuals' crypto capital gains, with an exemption for annual gains of up to 500 euros ($559.95).
TradingView said the proposal would allow voluntary declaration of previously realized crypto gains without penalties, within 12 months of the law's publication.
Public consultation will close on Oct. 22, with the ministry aiming for a parliamentary vote in the first week of November.
TradingView also said the draft bill would exempt crypto-to-crypto swaps from capital gains tax and introduce a flat 10% tax on returns from staking, lending or liquidity provision.
EU reporting rules loom
Greece's crypto tax proposal arrives as EU rules expand crypto tax reporting under DAC8, which requires crypto service providers to collect transaction data on EU users from Jan. 1, 2026.
“The directive requires crypto service providers to collect transaction data on EU users from Jan. 1, 2026.”
Providers will report that information to national authorities, which must complete their first cross-border exchanges covering 2026 activity by Sept. 30, 2027.
Greece is required to implement the bloc's eighth amendment to the Directive on Administrative Cooperation (DAC8), and DAC8's crypto reporting requirements are based on the OECD's Crypto-Asset Reporting Framework (CARF).
Greece joined a multinational commitment in November 2023 to implement CARF and begin information exchanges by 2027.