Photo: George E. Koronaios / Wikimedia Commons
Greece’s parliament approved a 10% tax on cryptocurrency capital gains Thursday, the country’s first comprehensive framework for taxing crypto assets, with the rules set to take effect on January 1, 2027.
Individuals will pay 10% on annual net crypto gains above 500 euros. Once that threshold is crossed, the full gain becomes taxable, and the tax applies when crypto is used to buy goods or services, not only when it is sold for cash.
Returns from staking, crypto lending and providing liquidity to DeFi platforms will be treated as interest income and taxed separately at 15%, the Finance Ministry said. Investors with annual crypto losses above 500 euros can carry them forward for five years to offset future gains.
The law gives investors a 12-month window to declare past crypto gains without late-filing fines or interest, subject to conditions, with payment due within 60 days of declaration. A senior finance ministry official said further implementation directives, including transparency and audit rules, will be published in the coming weeks.
Whether swapping one cryptocurrency for another will trigger the tax remains unresolved: the Finance Ministry says it will not, while parliament’s Scientific Service has warned the bill’s wording could be read to cover such trades.
Crypto taxation varies widely across the European Union, which has no unified system for the sector, with national rates generally ranging from 8% to 30%.
JBizNews Desk | Athens
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