Greece Proposes 10% Tax on Individual Cryptocurrency Gains

Greece has proposed a 10% tax on individuals’ cryptocurrency gains, adding a new digital-asset tax framework in Europe that could affect how investors report disposals.

The draft bill would exempt annual crypto gains of up to €500 ($560). Taxable gains would generally be calculated from the difference between an asset’s acquisition price and its transfer price.

Swapping one cryptoasset for another would not create a taxable capital gain under the proposal. However, returns from crypto lending, liquidity provision and staking would be treated as interest income and taxed at 10%.

The measure would also permit eligible taxpayers to voluntarily disclose gains from earlier crypto transfers within 12 months after the law is published, subject to specified conditions and without penalties or interest.

Public consultation is scheduled to close Oct. 22. Greece’s Ministry of National Economy and Finance aims to submit the bill to Parliament and secure approval during the first week of November, though the proposal could change during the legislative process.