- Greece’s parliament has approved a 10% capital gains tax on cryptocurrency profits, with annual gains of up to €500 exempt.
- The approved rate is lower than the 15% rate considered in an earlier proposal.
- The government will issue further guidelines covering transparency, audits and tax implementation.
Greece Approves New Crypto Tax
Greece has approved a 10% tax on cryptocurrency capital gains. The bill, which was approved by the country’s parliament on November 5, means that any gains made on cryptocurrencies up to a maximum of 500 euros per annum will be tax free. Anything more than this will be taxed at 10%.
This is an important step in the country’s crypto landscape. “The government will issue guidelines in the next few weeks,” a senior official from the Finance Ministry told Reuters. However, details surrounding when the tax will come into effect and how investors will need to declare their gains hasn’t been detailed.
Higher Tax Rate Proposed Earlier
This follows the publication of a draft bill by the country’s Ministry of National Economy and Finance on October 7. Originally, the government had proposed a 10% tax on profits derived from moving crypto assets. This would generally be calculated by taking the buying price away from the selling price.
🇬🇷 GREECE JUST PASSED A 10% #BITCOIN TAX LAW 👀
THE FIRST €500 OF GAINS EACH YEAR STAYS TAX-FREE ⚡ https://t.co/Fq7Mg8cpTW
— The Bitcoin Conference (@TheBitcoinConf) November 5, 2026
A 500 euro exemption had also been suggested and it had been confirmed that there wouldn’t be a capital gain to pay tax on when swapping one crypto for another. In terms of earning income through lending, providing liquidity and staking crypto, this would be taxed at 15% as it would be deemed interest.
As the 10% tax on capital gains has now been approved by Parliament on November 5th, we can’t confirm if all elements of the original draft have been included. Interestingly, Greece originally wanted to charge a 15% tax on crypto gains but this has now been reduced to 10% in the October draft.
Different Policies In Europe
With the new tax rules in Greece, it’s clear that countries within Europe are implementing different policies. There isn’t a standard tax rate for crypto investors in the EU. With the rates ranging from 8% to 30% across Europe. As a general rule, capital gains will be taxed (Reuters).
The Finance Ministry in Greece have also stated that it’s difficult to measure the size of the country’s crypto market as many investors use foreign exchanges and platforms.
This makes it hard to measure how much the overall value of crypto within the country is and how much revenue the new tax could bring in. Having a set 10% tax gives investors more clarity but it will be interesting to see what further guidance the government give.
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