Greece passed legislation introducing taxes on profits from cryptocurrency transactions. Starting January 1, 2027, individuals will pay a 10% tax on gains from selling digital assets. Income from staking and cryptocurrency lending will be taxed at 15%.
The Greek Parliament approved a comprehensive bill introducing changes to banking regulations, financial markets, and borrower protections. One of the key provisions establishes rules for taxing income generated from cryptocurrency transactions.
Greece’s Ministry of National Economy and Finance previously explained that the new rules aim to close legislative gaps in crypto-asset taxation and provide greater clarity on investors’ tax obligations.
According to the ministry, the capital gains tax will be 10% of the difference between a cryptocurrency’s purchase cost and its selling price. If an investor acquired the same asset through multiple transactions, the average purchase cost will be used to calculate the gain.
The new tax regime includes the following provisions:
- Tax exemption for annual profits of up to €500 per tax year.
- No tax on exchanges of one cryptocurrency for another.
- A 15% tax rate on income from staking, cryptocurrency lending, and liquidity provision.
- Elimination of the digital transaction fee on cryptocurrency sales.
- Voluntary disclosure of previously earned profits within 12 months of the law’s publication, without penalties or interest, provided the applicable conditions are met.
Separate rules govern the taxation of cryptocurrencies received as compensation by company employees and shareholders, as well as assets acquired through inheritance or gifts. The value of these assets will be calculated in euros to determine tax liabilities.
The provisions governing cryptocurrency income taxation will apply starting with the 2027 tax year.
According to data from the European Central Bank (ECB), Greece ranked among the European countries with the highest rates of crypto-asset ownership in 2024. Some 14% of the population owned crypto-assets, compared with the eurozone average of 9%.
