Greece’s Ministry of Finance is drafting legislation to impose a 15% capital gains tax on cryptocurrency profits, according to officials familiar with the matter. The bill, expected to reach parliament in the coming months, would formally integrate digital assets into the country’s tax code for the first time.
Under the proposal, individual investors would be taxed on gains above a €500 ($580) annual tax-free threshold, a measure designed to exclude small-scale traders. Individual crypto miners would be exempt from the levy, but mining firms registered as corporate entities would face the standard corporate tax rate of 22% instead of the 15% capital gains rate.
The move places Greece among a growing number of EU nations establishing national crypto tax regimes. Rates across the bloc range from 8% in Cyprus to 30% in France, with Germany offering exemptions for assets held over one year. Greek officials acknowledged difficulties in estimating market size and enforcing compliance, as many investors use foreign-based platforms that authorities struggle to track.
The initiative aligns with broader global efforts to tighten crypto tax oversight. Israel recently reported far fewer voluntary disclosures than expected from its amnesty program, while Illinois lawmakers advanced a separate 0.2% transaction tax on digital asset brokers. The Greek legislation is still subject to parliamentary review and possible amendments.
