Greece Slashes Crypto Capital Gains Tax to 10%

Greece Plans 10% Crypto Capital Gains Tax, Down From 15% Floated in June

Greece has published a draft bill that would introduce a flat 10% capital gains tax on cryptocurrency profits, lowering the rate from the 15% level officials had floated earlier this year. The proposal is open for public consultation and is expected to be submitted to parliament in the first week of November.

The draft would also include a €500 annual exemption, meaning the first €500 of crypto gains each year would not be taxed.

Greece currently has no dedicated crypto tax law. The government has said the size of the domestic crypto market is difficult to estimate because many investors use platforms based outside the country, and there is no projection yet for how much revenue the tax could raise.

• 10% on realized gains: Profits would be taxed when crypto is sold for euros or another fiat currency, or used to pay for goods and services.
• €500 exempt each year: The first €500 of annual gains would be tax-free.
• Crypto-to-crypto swaps not taxed: Exchanging one cryptocurrency for another would not trigger a taxable capital gain under the draft.
• 10% on yield as interest: Income from activities such as staking, lending, and liquidity provision would be taxed as interest at 10%.

The draft also indicates that the tax would apply to net gains, after deductions such as trading fees. It would allow investors to carry losses forward against future crypto gains for up to five years, and it would tax tokens earned through staking or lending only when they are sold.

The proposal arrives as European crypto tax approaches continue to diverge. Reuters and other outlets have pointed to higher headline rates in several large markets, including Italy at 33% and France at 30%, while Spain taxes crypto gains progressively up to 28%. Elsewhere, Germany exempts gains on crypto held for more than a year, and the Netherlands taxes a presumed return on assets rather than realized gains.

In Greece, the draft bill sits alongside the country’s broader crypto regulatory framework under the EU’s Markets in Crypto-Assets Regulation (MiCA). Under that structure, the Hellenic Capital Market Commission authorizes and supervises crypto service providers, while the Bank of Greece oversees stablecoin issuers’ prudential requirements.