Greece is preparing legislation that would impose a 10% capital gains tax on cryptocurrencies, under a draft bill published for public consultation on October 8. Annual crypto gains of up to €500 would be exempt from the proposed tax, while the government plans to submit the legislation to parliament in November.
Greece currently lacks a comprehensive legal framework specifically governing cryptocurrency taxation, while European Union countries do not apply a unified tax regime to the sector. Across Europe, crypto tax rates range from 8% to 30% and are generally applied to capital gains, making the proposed 10% rate part of a broader but fragmented European approach to taxing digital assets.
Greek officials have not provided a specific estimate for how much revenue the measure could generate, citing difficulties in measuring the domestic crypto market because most investors use platforms based outside the country. The next milestone is the bill’s planned submission to parliament in November, where the proposal would need to advance before becoming law.
Source: Reuters.
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