Greece prepares to levy 10% capital gains tax on cryptocurrency
Greece is preparing to introduce a 10% capital gains tax on cryptocurrency, with an exemption for annual gains under 500 euros. The move aligns Greece with other EU nations that are increasingly treating digital assets similarly to traditional financial investments.
Why it matters
This reflects a global trend of governments formalizing tax frameworks for the cryptocurrency market to capture revenue and integrate digital assets into the mainstream economy.
Gains of up to 500 euros ($560) a year would be exempt under the bill, which will be submitted to parliament in November.
It is difficult to estimate the size of Greece’s cryptocurrency market because most investors use platforms outside the country, according to Reuters’ report. Greek officials have yet to make any projections about expected revenue from the tax.
The 10% levy would be among the lower rates imposed by European Union countries. Germany , France and Italy are setting or planning to set capital gains at over 25%.
Countries are developing their tax treatments of cryptocurrency to replicate that of traditional assets like stocks, reflecting the increasing role of crypto in mainstream investment portfolios.
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