Greece Plans 10% Capital Gains Tax on Cryptocurrency

Greece is preparing to introduce a 10% capital gains tax (CGT) on cryptocurrency, according to a Reuters report published Thursday that cited a draft bill currently undergoing public consultation.

Under the proposed legislation, annual crypto gains of up to 500 euros ($560) would not be subject to the tax. The bill is expected to be presented to parliament in November.

Determining the size of Greece’s cryptocurrency market is challenging because many investors use overseas crypto platforms, Reuters reported. Greek authorities have not yet provided an estimate of how much revenue the proposed tax could generate.

At 10%, Greece’s planned levy would be relatively low compared with rates in several other European Union countries. Germany, France and Italy are introducing or considering capital gains tax rates above 25%.

Governments across Europe are increasingly developing cryptocurrency tax frameworks that resemble those applied to conventional investments such as stocks. The trend reflects the growing presence of digital assets in mainstream investment portfolios.