Greece Slashes Proposed Crypto Capital Gains Tax to 10%
Greece Plans 10% Crypto Capital Gains Tax, Down From 15% Floated in June
Greece is planning to introduce a 10% tax on crypto capital gains, according to the information available. The proposed rate is lower than the 15% level floated in June.
The measure would establish a tax framework for profits generated from cryptocurrency investments. A capital gains tax generally applies when an asset is sold for more than its purchase price, although the specific rules and exemptions would depend on the final legislation.
The change from the earlier 15% proposal suggests that Greece is moving forward with a lower rate than previously considered. However, details on how the tax would be calculated, which digital assets would be covered, and when the rules would take effect have not been provided.
The proposal reflects the broader effort to bring cryptocurrency gains within existing tax systems. Its practical impact will depend on the final wording of the law and the guidance issued for taxpayers and businesses.
