Greece moves towards 10% cryptocurrency gains tax

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Greece is moving towards a 10% tax on cryptocurrency capital gains under draft legislation published for public consultation.

The proposed tax would apply to annual gains above €500 ($560), with the first €500 exempt. The government plans to submit the legislation to parliament in November if the proposal moves forward.

Greece currently lacks a comprehensive framework for taxing cryptocurrency gains, while tax treatment varies across EU member states. Rates in other European countries range from 8% to 30%.

Greek officials said it is difficult to estimate the size of the domestic crypto market because many investors use platforms based outside the country. The government has not yet provided an estimate of how much revenue the proposed tax could generate.