Greece is preparing to introduce a 10% capital gains tax on cryptocurrency, according to a draft bill expected to be submitted to parliament in November.
Under the proposal, annual crypto gains of up to €500 ($560) would be tax-exempt. Gains above that threshold would be subject to the 10% levy.
The proposed rate would be relatively low compared with several other major European markets. Germany, France and Italy have tax rates on certain investment gains that can exceed 25%.
Greek authorities are moving toward treating cryptocurrency more like traditional investment assets such as stocks, as crypto becomes increasingly integrated into mainstream portfolios.
However, estimating the potential revenue remains difficult because many Greek investors use crypto exchanges and platforms based outside the country.
📌 Key takeaway: Greece could become one of the more crypto-friendly European jurisdictions from a tax-rate perspective, with a 10% levy and a €500 annual exemption—if the proposal becomes law.
Source: Reuters