Greece approves 10% tax on crypto gains with €500 annual exemption
Greece approves 10% tax on crypto gains
Greece's parliament has approved a 10% tax on cryptocurrency capital gains. The bill was passed on Nov. 5.
The new rules are scheduled to take effect on Jan. 1, 2027. The article describes the measure as Greece's first comprehensive framework for taxing digital assets.
Annual gains of up to €500 will be exempt. Investors above that threshold will be taxed on their profits.
The main points in the approved bill
- Parliament approved a 10% capital-gains tax on cryptocurrencies on Nov. 5.
- Annual gains up to €500 are exempt.
- Qualifying losses can be carried forward for five years to offset future gains.
- Investors have a 12-month window to voluntarily declare gains from previous years without late-filing penalties or interest, subject to specified conditions.
- Implementation directives on transparency and audits are expected in the coming weeks.
What the October proposal said about staking and DeFi
The finance ministry's October 7 consultation proposed a 10% tax on individuals' transfer gains. That was described as generally based on the transfer price minus the acquisition price.
The same proposal treated returns from staking, lending and liquidity provision as interest income subject to 15%. Staking means earning rewards by locking crypto in a network. DeFi means decentralized finance, where lending and trading happen without a traditional bank.
The October proposal also suggested exempting crypto-to-crypto swaps from immediate taxation. CryptoSlate notes that parliamentary concerns about the final wording leave their treatment unresolved.
What is still unclear
The article says the final treatment of crypto-to-crypto swaps is unresolved.
It also says the graphic in the source article describes the October proposal and does not establish final enacted staking or transfer-calculation rules. The transparency and audit directives are still forthcoming.
A senior finance ministry official told Reuters that the government could not estimate potential tax revenue. The official said most domestic investors use foreign exchanges, which makes the market difficult to measure.
How Greece compares with other European countries
A Nov. 6 analysis by CryptoDiffer listed Cyprus at 8%, Belgium and Bulgaria at 10%, and Croatia at 12% for crypto gains.
The same comparison listed Italy at 33% in 2026, Romania at 16%, and Sweden at 30%. The article notes that some European jurisdictions offer exemptions based on how long assets are held.
What happens next for Greek investors
The directives on transparency and tax audits are expected in the coming weeks, according to a senior finance ministry official cited by Reuters.
The rules are scheduled to take effect on Jan. 1, 2027. The 12-month window for declaring gains from previous years is also part of the legislation, subject to specified conditions.
Where this information comes from
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
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