Greece Plans 10% Capital Gains Tax on Cryptocurrency Profits

Key Facts

Greek authorities are preparing to implement a 10% capital gains tax on profits derived from cryptocurrency trading. Reuters reported that the proposed draft bill, which is expected to be submitted to parliament in November, includes an exemption for annual gains of up to 500 euros.

The Ministry of Finance aims to formalize a regulatory framework for the digital asset market to generate revenue from both retail and institutional crypto activities. This 10% levy is notably lower than rates in other European Union nations like Germany, France, and Italy, where capital gains taxes exceed 25%, though Greek officials have not yet released specific revenue projections.