🇬🇷 Greece has approved a new crypto tax framework, and the details matter.
Parliament passed the legislation on November 5, with the main rules expected to take effect on January 1, 2027.
Here's what changes:
• Individual crypto gains are taxed at 10%, with annual gains of up to €500 exempt.
• Income from staking, crypto lending and DeFi liquidity provision is taxed at 15% as interest.
• Past crypto gains can be declared within a 12-month window, subject to conditions, with tax due within 60 days of filing.
One important question remains: What happens when someone swaps one cryptocurrency for another?
The ministry's draft suggested these swaps would not trigger capital gains tax, but the legal wording has raised questions. Further clarification is needed.
For Greek crypto users, the biggest change isn't just the tax rates. It's the introduction of a clearer framework for how different types of crypto income are treated.
The remaining details will determine how straightforward that framework is in practice.
Parliament passed the legislation on November 5, with the main rules expected to take effect on January 1, 2027.
Here's what changes:
• Individual crypto gains are taxed at 10%, with annual gains of up to €500 exempt.
• Income from staking, crypto lending and DeFi liquidity provision is taxed at 15% as interest.
• Past crypto gains can be declared within a 12-month window, subject to conditions, with tax due within 60 days of filing.
One important question remains: What happens when someone swaps one cryptocurrency for another?
The ministry's draft suggested these swaps would not trigger capital gains tax, but the legal wording has raised questions. Further clarification is needed.
For Greek crypto users, the biggest change isn't just the tax rates. It's the introduction of a clearer framework for how different types of crypto income are treated.
The remaining details will determine how straightforward that framework is in practice.
