Greece drafts 10% cryptocurrency capital gains tax with €500 annual exemption
Greece's Ministry of National Economy and Finance has published a draft bill proposing a 10% tax on cryptocurrency capital gains, exempting the first €500 in annual profits and crypto-to-crypto swaps.
Greece's Ministry of National Economy and Finance put a draft bill out for public consultation on October 7 proposing a 10% tax on individuals' cryptocurrency capital gains, according to reporting by Unchained and draft legislative documents. The proposed 10% rate is a reduction from the 15% rate government officials floated to Reuters in June. The proposal would exempt annual crypto gains of up to €500 ($560) and would not tax crypto-to-crypto swaps.[1][2][3][4][5][8]
Under the draft provisions, earnings from staking, lending, and liquidity provision would be classified as interest and taxed at 10%. Capital gains would be measured as the difference between purchase and sale prices, applying documentation standards and an average acquisition cost formula for tokens acquired in batches. The draft does not levy a digital transaction tax on crypto sales, and it offers taxpayers a 12-month window following enactment to declare past sales without incurring interest or penalties.[1][5][6]
The digital asset provisions are part of a broader legislative package centered on private debt and stricter supervision of loan servicers. Public consultation on the draft bill closes at 10 a.m. on October 22, and the legislation is scheduled to be submitted to the Greek parliament in November.[1][2][7]
Key facts
- Greece's Ministry of National Economy and Finance published a draft bill on October 7 proposing a 10% tax on individuals' cryptocurrency capital gains.
- The proposed 10% rate is lower than the 15% tax rate officials described to Reuters in June.
- Annual cryptocurrency gains of up to €500 ($560) would be exempt from taxation, and crypto-to-crypto swaps would not trigger tax liability.
- Income generated from staking, lending, and liquidity provision would be taxed as interest at a 10% rate.
- Taxpayers would receive a 12-month grace window after the law's publication to declare past cryptocurrency sales without penalties or interest.
- The public consultation runs until October 22, and the bill is scheduled for submission to the Greek parliament in November.
Sources · 8 sources
- UN
UnchainedArticle ·
Greece Drafts 10% Crypto Capital Gains Tax, a Lower Rate Than Officials Floated in June Greece’s Ministry of National Economy and Finance put a draft bill out for public consultation on October 7 that would tax individuals’ cryptocurrency gains at 10% . Government officials had described a 15% rate to Reuters in June. The first €500 of gains per tax year would go untaxed. Swapping one cryptocurrency for another would not create a taxable gain, and the draft imposes no digital transaction tax on crypto sales. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . What the Draft Covers Gains would be calculated as the difference between the purchase price and the sale price, with documentation rules and an average acquisition cost method for coins bought in several batches. Income from lending, liquidity provision and staking would be taxed as interest at 10%. Crypto handed to employees, partners or shareholders as payment in kind would be valued in euros at the time they acquire it. Taxpayers would also get a 12-month window after the law is published to declare gains from earlier sales with no penalty or interest, under conditions the bill sets out. The crypto rules sit inside a wider bill whose main focus is private debt , including tighter supervision of loan servicers. The ministry says the tax provisions address a gap in how crypto is treated under Greek law. Timeline and Open Questions The consultation closes at 10 a.m. on October 22 , and the bill is due to go to parliament in November. Reuters reported that crypto tax rates across Europe range from 8% to 30% and are usually applied to capital gains. Reuters also reported that officials cannot easily size the Greek crypto market, since most investors are on offshore platforms. No specific revenue projection for the tax exists yet. Related Listen: DEX in the City: Why the Supreme Court’s FTC Ruling Could Rewire Crypto Regulation The post Greece Drafts 10% Crypto Capital Gains Tax, a Lower Rate Than Officials Floated in June appeared first on Unchained .
Open source - CO
CoindeskArticle ·
Greece prepares to levy 10% capital gains tax on cryptocurrency Crypto gains of up to 500 euros ($560) a year would be exempt under the bill, which will be submitted to parliament in November.
Open source - DE
DecryptArticle ·
Greece Plans 10% Crypto Capital Gains Tax, Down From 15% Floated in June A draft bill would exempt the first €500 of annual gains, as crypto tax rates across Europe run from Cyprus's 8% to Italy's 33%.
Open source - CT
Coin TelegraphArticle ·
Greece plans 10% capital gains tax on cryptocurrencies Greece’s draft bill proposes a 10% tax on crypto capital gains, with exemptions for annual gains of up to 500 euros and crypto-to-crypto swaps.
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Greece's finance ministry has proposed a 10% cryptocurrency capital gains tax, down from an earlier 15% plan. The draft bill would also tax staking, lending, and liquidity provision returns at 10%, while exempting crypto-to-crypto exchanges and annual capital gains of up to €500.
Open source - CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: Greece proposes 10% tax on cryptocurrency gains The draft plan would also apply a 10% tax to income from staking, lending and liquidity provision, while crypto-to-crypto swaps and annual gains of up to €500 would remain exempt. https://t.co/E1ZtZgsKOg
Open source - CO
CoinDesk@CoinDeskPost on X ·
POLICY: Greece is proposing a 10% capital gains tax on cryptocurrency profits, with annual gains of up to €500 ($560) exempt. The bill is expected to be submitted to parliament in November. https://t.co/rSfNmTisvz
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
💥NEW: Greece proposes a 10% tax on crypto profits from 2027, with annual net gains up to €500 exempt from tax. https://t.co/pskvCRjJti
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