According to recent reports, Greece is formulating legislation to introduce a 15% capital gains tax on cryptocurrency investors.
Based on information from Reuters and local media outlets, the Greek Finance Ministry has prepared a draft bill containing this proposal. At present, Greece lacks a formal legal framework dedicated to crypto taxation.
The proposed legislation includes an annual exemption for the first €500 (approximately $580) in cryptocurrency gains.
Under the terms of the draft, taxes would apply strictly to net profits realized upon selling crypto, following the deduction of trading fees. Trading one digital asset for another—such as Bitcoin—would not incur the tax. Instead, the levy would trigger only when holdings are traded for fiat currencies like the euro, or utilized to purchase goods and services.
Additionally, investors would be permitted to carry forward financial losses to offset future crypto profits for up to five tax years. Tokens acquired through staking or lending activities would only be taxed at the point of sale.
The provisions are slated to take effect retroactively starting January 1, 2025, implying that profits accumulated from last year onward must be reported on tax returns submitted in 2027.
Lawmakers are expected to present the bill to parliament this November.
Greece adheres to the European Union’s Markets in Crypto-Assets Regulation. While the Hellenic Capital Market Commission oversees and authorizes crypto service providers, the Bank of Greece manages the prudential supervision of stablecoin issuers.
The licensing process has experienced delays, with no domestic providers appearing on the EU registry until September—roughly two months past the July 1 conclusion of MiCA’s transitional phase.
Beginning in January 2026, the EU’s DAC8 directive mandates that cryptocurrency exchanges gather comprehensive data concerning users and transactions, reporting the information to national tax authorities similarly to traditional banking standards. Greece integrated these regulations into domestic law in May.
Across the European Union, the taxation of digital assets differs significantly. Rates span from 8% in Cyprus up to 30% in France. Conversely, certain nations maintain more relaxed policies, such as Germany and Portugal, both of which exempt crypto holdings retained for longer than a year (or 365 days).
Frequently Asked Questions
What is the proposed crypto tax rate in Greece?
Greece is planning a 15% capital gains tax on cryptocurrency investors.
Are there any tax exemptions for small gains?
Yes, the first €500 (about $580) of crypto gains each year would be exempt under the draft bill.
Does swapping one cryptocurrency for another trigger the tax?
No, swapping one cryptocurrency for another does not trigger the tax; it applies only when converting to fiat currency or paying for goods and services.
When is the bill expected to be submitted?
The bill is due to be submitted to parliament in November.
