Greece is planning to tax profits from cryptocurrencies with a 15% rate, aiming to integrate digital assets into the national tax code.
Key facts
- •Greece plans to impose a 15% tax on capital gains from cryptocurrencies.
- •The initial 500 euros of cryptocurrency profits will be exempt from the new tax.
- •People engaged in personal cryptocurrency mining will not face taxation on their yields.
- •The tax rate will align with traditional securities sales in Greece.
- •The European Union has introduced regulations to curb tax evasion and financial opacity in the digital space.
The Greek government is finalizing legislation to impose a 15% tax on capital gains from cryptocurrencies. The Ministry of National Economy and Finance is drafting the bill, which is expected to be submitted to Parliament for approval in the coming months.
Tax Framework Details
The proposed framework will exempt the initial 500 euros of cryptocurrency profits from the new tax, shielding small-scale retail investors. Any capital gains exceeding this threshold will face a flat 15% rate, aligning the taxation of digital assets with traditional securities sales in Greece. People engaged in personal cryptocurrency mining will not face taxation on their yields, but standard business tax rules will apply if the mining operation is a registered corporate entity.
Regulatory Context
Greece currently lacks a comprehensive legal framework for cryptocurrency profits. The upcoming legislation seeks to close domestic loopholes and bring Athens in line with European peers that have already established clear rules for digital investors. The move coincides with a wider European push to curb tax evasion and financial opacity within the digital space, including the introduction of the Markets in Crypto-Assets (MiCA) Regulation and the DAC8 Directive.
This article was independently rewritten by ManyPress editorial AI from reporting originally published by Greek Reporter.
