Greece sets 10% crypto gains tax with exemptions
7.2 Regulation Greece approved a 10% crypto gains tax, exempting annual gains up to €500. The law covers most crypto transactions, excludes swaps, and takes effect in 2027. Further implementation rules are expected soon.
Greece's parliament has passed a bill introducing a 10% capital gains tax on cryptocurrencies, marking the country's first comprehensive legal framework for taxing crypto assets. The law exempts annual crypto capital gains up to €500 ($563) from taxation, offering relief for small investors. The tax applies to net gains from crypto transfers, including sales for fiat, purchases of goods or services, and contributions to company capital. However, crypto-to-crypto swaps are excluded. Income from staking, lending, and liquidity provision is classified as interest and taxed at 10%. Losses exceeding €500 can be carried forward for up to five years to offset future gains. The tax will take effect on January 1, 2027. Additional implementation directives, including transparency and audit rules, are expected soon. The final tax rate is lower than the initially proposed 15%. Most Greek investors use foreign platforms, making potential state revenue difficult to estimate.
