Greece proposes 10% tax on crypto gains, lowered from initial 15% plan
Regulation & Gov ·
The proposal would tax crypto profits at 10% annually, exempt the first €500 in gains, and let investors swap one cryptocurrency for another without triggering an immediate tax bill.
Greece is moving to formalize taxation of cryptocurrency earnings with a 10% levy on capital gains, according to Reuters. The rate marks a reduction from an earlier proposal that had floated a 15% tax in June, as reported by Decrypt.
Under the plan, the first €500 in annual crypto gains would be exempt from taxation, shielding smaller investors from the new rule. The proposal also allows crypto-to-crypto swaps to occur without immediate tax consequences, meaning investors would not face a tax event simply for exchanging one digital asset for another — only when gains are realized in a taxable manner would the 10% rate apply.
The measure is part of a broader effort to bring Greece's cryptocurrency market under formal regulatory and tax structures, rather than leaving crypto earnings in a legal gray area. Four distinct sources have covered the proposal, pointing to the reduced rate and the €500 exemption as the two central features of the plan as it currently stands.
The shift from 15% to 10% suggests Greek authorities adjusted the proposal after initial feedback, though the material does not specify what prompted the change or who was consulted in the process. It also remains unclear when the tax would take effect, whether it applies retroactively to prior gains, or how authorities would track and verify crypto transactions for enforcement purposes.
What happens next — including any legislative timeline, parliamentary approval process, or implementation details — has not yet been disclosed in the available reporting. Market participants and tax professionals in Greece will likely be watching for formal legislative text that clarifies these mechanics before the rule takes effect.