Greece has published a draft bill for public consultation that would introduce a 10% capital gains tax on cryptocurrency profits, while exempting annual gains up to €500. The proposal is scheduled to be submitted to the Greek parliament in November, according to Reuters.
The planned 10% rate marks a reduction from the 15% rate that Greek officials discussed with Reuters in June. Greece currently lacks a comprehensive legal framework for crypto taxation, and officials have not provided a revenue estimate because many Greek investors use overseas platforms, making the market difficult to measure.
Key details in the draft proposal include a 10% tax on crypto capital gains, an annual exemption of €500, and a planned parliamentary submission in November. However, important technical rules remain unresolved: whether the €500 exemption applies only to gains above the threshold or causes the entire gain to become taxable once exceeded; how acquisition costs, fees and losses are calculated; and which transactions create taxable events, including token-to-token trades, stablecoin conversions, staking rewards, airdrops and losses.
The proposal arrives as the European Union implements the DAC8 crypto-asset reporting framework. Under DAC8, crypto-asset service providers must collect and report data on certain users and transactions. The first reporting period covers 2026 activity, with reports due in 2027, giving tax authorities a clearer data trail.
Across Europe, crypto tax rates vary widely. Cyprus applies a flat 8% tax on crypto gains, Ireland taxes them at 33%, Italy raised its rate to 33% from 26% this year, and Spain taxes crypto gains at progressive rates up to 28%. Germany exempts gains on crypto held for more than one year, while the Netherlands taxes a presumed return on assets rather than realized gains.
For Greek residents, the final law could still change. The bill is best understood as an important step toward a dedicated crypto tax regime rather than a complete guide to future tax liabilities.
