Greece Approves 10% Tax on Cryptocurrency Profits
The Greek Parliament passed legislation introducing a 10% capital gains tax on crypto assets, with a €500 annual exemption.
- Greece has introduced its first comprehensive framework for taxing cryptocurrency profits.
- A 10% capital gains tax applies to crypto gains, exempting annual profits up to €500.
- The Finance Ministry will release further implementation guidelines and transparency rules in the coming weeks.
This legislation establishes a formal tax regime for digital assets in Greece, placing the country among European nations with relatively low crypto tax rates. Investors should await upcoming implementation details from the Ministry of Finance.
The Greek Parliament has approved a 10% tax on profits from cryptocurrency investments, establishing the country's first comprehensive framework for digital assets. Passed on Thursday, November 5, the legislation applies a 10% capital gains tax while exempting annual gains of up to €500. A senior Finance Ministry official stated that further implementation guidelines, including transparency requirements and audit rules, will be released in the coming weeks. The government has not yet estimated the revenue the measure will generate, noting that many domestic investors utilize overseas trading platforms. With a 10% rate, Greece aligns with European countries applying relatively low taxes on cryptocurrency gains, where rates across the EU generally range from 8% to 30%. (General information only, not financial or legal advice).
What does the new crypto tax mean for investors in Greece?
If you are an investor or resident holding digital assets in Greece, the new legislation establishes a formal framework with a flat 10% capital gains tax. Since the Ministry of Finance is expected to release detailed implementation guidelines in the coming weeks—including transparency requirements and audit rules—it is wise to keep accurate records of all your trading activities and profits. Note that the exemption applies only to annual gains of up to €500. It is always recommended to consult with a local accountant or tax advisor in Greece to ensure full compliance and correct reporting (general information only, not financial or legal advice).
FAQ
What is the new tax rate on cryptocurrency profits in Greece? The Greek Parliament approved a 10% capital gains tax on profits from cryptocurrency investments.
Are small crypto gains exempt from tax in Greece? Yes, annual gains of up to €500 are exempt from the tax.
When will additional tax guidelines be released by the Greek authorities? The Finance Ministry stated that further implementation guidelines, including transparency requirements and audit rules, will be released in the coming weeks.
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