Greece’s Ministry of National Economy and Finance has unveiled a draft bill proposing a 10% capital gains tax on cryptocurrencies. The plan includes an exemption for annual gains up to 500 euros ($559.95) and allows voluntary declarations of past crypto gains without penalties. The bill also exempts crypto-to-crypto swaps from capital gains tax and introduces a flat 10% tax on returns from staking, lending, or liquidity provision.
The draft bill aims to address a legislative gap in Greece’s crypto taxation framework. Public consultation on the proposal will close on October 22, with the ministry targeting a parliamentary vote in early November. This move aligns Greece with several European countries that have already established digital asset taxation rules.
For instance, Austria introduced a 27.5% tax on cryptocurrency gains in March 2022, while France implemented a 30% flat tax on individual crypto capital gains in December 2018. Germany is also considering a 25% flat-rate tax on crypto trading profits starting in 2028, marking a shift from its current tax-free policy for gains from long-term holdings.