The Greek Ministry of Finance has drafted a bill proposing a 15% capital gains tax on cryptocurrency investments. This initiative marks the country's first attempt to establish a formal legal framework for taxing digital assets.
Under the proposed rules, the first €500 of annual crypto gains will be tax-exempt. The tax applies only to net gains realized when converting crypto into fiat currency or using it for payments. Trading fees are deductible, and swapping one cryptocurrency for another will not trigger a tax event.
Investors can carry forward losses for up to five tax years to offset future gains. Tokens acquired through staking or lending will be taxed only at the moment of sale. These regulations are set to apply retroactively from January 1, 2025, with declarations required in 2027.
Greece currently operates under the EU Markets in Crypto-Assets Regulation, with the Hellenic Capital Market Commission overseeing service providers. Additionally, the country adopted the DAC8 directive in May, requiring exchanges to report user transaction data to tax authorities starting in January 2026.
