Greece Parliament Passes 10% Tax on Crypto Gains with €500 Annual Exemption
Greece approved a 10% capital gains tax on cryptocurrency profits, exempting the first €500 of annual gains and excluding crypto swaps from taxation.
COINMAG NewsroomNewsroom · via COINMAG
Key takeaways
- Greece introduced a 10% tax on crypto capital gains, lower than the previously discussed 15% rate.
- Annual crypto profits up to €500 are exempt, and crypto‑to‑crypto swaps are not treated as taxable events.
- Staking, lending and liquidity‑provision income will be taxed at 15% as interest, while the law aligns with EU DAC8 reporting requirements.
On November 5, Greece’s parliament approved the country’s first comprehensive cryptocurrency tax framework, instituting a 10% capital gains tax on crypto profits while exempting the first €500 of annual gains. The legislation, which emerged after a consultation process that concluded in October, also clarifies the treatment of crypto swaps, staking income and other digital‑asset activities.
Key Features of the New Crypto Tax Law
The law sets a flat 10% rate on net gains from the sale or disposal of crypto assets, a reduction from the 15% rate initially floated in June, according to crypto.news. Gains up to €500 per year (about $563) are tax‑free. Crypto‑to‑crypto exchanges are excluded from taxable events, meaning swapping one token for another does not trigger a capital‑gain calculation.
Treatment of Staking, Lending and Corporate Mining
Returns generated from staking, liquidity provision or lending are classified as interest and will be taxed at a 15% rate, as detailed in the Finance Ministry’s consultation paper. The legislation distinguishes individual mining from corporate mining, with individual miners exempt from the capital‑gains tax, while corporate mining activities remain taxable.
Compliance, Reporting and EU Alignment
The framework provides a 12‑month voluntary disclosure window for past crypto gains, allowing taxpayers to declare earlier transfers without fines or interest. Implementation guidance on transparency and audit procedures is expected in the coming weeks. The law also dovetails with the EU’s DAC8 reporting rules, which require crypto service providers to share transaction data on EU residents with national tax authorities, a requirement that took effect on January 1, 2026.
What to Watch Next
Future developments will include detailed guidance on audit procedures and the exact reporting formats required under DAC8. Observers will monitor how the exemption threshold and tax rate influence domestic crypto trading volumes, especially given that most Greek investors currently use foreign platforms. Additionally, the impact on staking and DeFi participation will become clearer as the 15% interest‑tax rule takes effect.
COINMAG NewsroomStories researched and written by the COINMAG news desk from multiple independent reports.
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