Greece proposes 10% tax on crypto

TLDR

Greece has published a draft bill to introduce a 10% capital gains tax on cryptocurrency, its first comprehensive framework for taxing digital assets.

1. The draft sets a 10% tax on crypto gains for individuals, with an annual exemption of up to 500 and specific rules for staking, lending and liquidity returns.
2. The proposed rate is relatively low compared with many EU peers, but it comes alongside stricter data reporting under EU-wide rules, increasing visibility for tax authorities.
3. The bill is in public consultation until late October and is expected in parliament in November, so details and scope could still change before it becomes law.

Deep Dive

1. Key Features Of The Tax

Greeces Ministry of National Economy and Finance has published a draft bill that would tax individuals cryptocurrency capital gains at 10%, with the first 500 of annual gains exempt, according to multiple reports and a ministry-linked summary on CoinsKid Community.

Under the proposal, gains are generally calculated as the difference between acquisition price and disposal price, while crypto-to-crypto swaps would not create a taxable gain, which is more lenient than many equity tax regimes.

Returns from staking, lending or providing liquidity are treated as interest income and also taxed at 10%, and there is a 12?month window for taxpayers to voluntarily declare past undeclared crypto gains without penalties, as detailed by TokenPost and Cointelegraph.

2. Impact On Crypto Users

For Greek residents, a 10% rate with a 500 exemption sits toward the lower end of EU crypto tax rates, where countries such as France and Italy apply around 30% on many gains, as noted in Decrypts overview.

However, the bill would bring crypto firmly into the standard capital gains and interest framework, meaning systematic tracking of acquisition prices, disposals and yield income becomes important for compliance.

This move also aligns with the EUs DAC8 reporting regime, under which exchanges and other providers must collect and share detailed transaction data with tax authorities, increasing the likelihood that unreported crypto activity is detected, as explained in the same CoinsKid analysis.

3. Timeline And Open Questions

The draft is currently in public consultation until around October 22, with the ministry aiming to submit it to parliament and seek approval in the first week of November, according to Cointelegraphs report.

Key details remain unclear, including how losses will be treated, how exactly the 500 exemption is applied, and how wallet transfers and valuation rules will be handled, as highlighted by crypto.news.

Confidence: high, because the proposal is documented in an official draft and corroborated by several independent outlets.

Conclusion

Greece is moving from vague treatment of crypto toward a defined 10% tax regime that is relatively mild by EU standards but paired with stronger reporting and enforcement. For crypto users, the headline rate may be manageable, but the practical impact will depend on final rules for losses, exemptions and documentation, so watching the parliamentary debate and subsequent guidance will be crucial.