Greece's parliament approved a crypto tax framework with a 10% rate on individuals' gains and an exemption for annual net gains of up to €500. The provisions are scheduled to apply from Jan. 1, 2027, while staking and similar income falls under a separate 15% rate.
Greece's parliament approved a crypto tax framework on Nov. 5, introducing a 10% rate on individuals' capital gains and exempting annual net gains of up to €500. Parliament's scientific service identifies Jan. 1, 2027, as the start date for the new provisions.
Finance Minister Kyriakos Pierrakakis outlined the rate and exemption during the debate. The measure sets a dedicated tax treatment where the existing rules did not generally subject crypto capital gains to personal income tax, according to the scientific service's report.
Sales and spending fall within scope
The provisions the scientific service examined cover sales for money, spending crypto on goods or services, and contributions of crypto to company capital. As a result, paying a merchant can also realize a taxable gain.
The exemption concerns net gains, not the total amount received from selling crypto. The finance ministry says gains are generally calculated from the difference between acquisition and transfer prices, with an average acquisition price used for successive purchases.
Swaps and yield get separate treatment
The finance ministry says exchanging one crypto asset for another does not generate a taxable gain. However, the scientific service flagged that the bill's broader language on disposals for consideration could also encompass swaps, and it recommended an explicit exclusion.
Income from lending, liquidity provision and staking will be treated as interest taxed at 15%, the ministry says. Loss relief appeared in the consultation version: PwC Greece described a five-year carryforward for annual losses exceeding €500, usable only against future crypto capital gains.
Parliament lists the approved bill as awaiting publication in the Government Gazette.
Source: The Defiant
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