Greece's Finance Ministry has drafted legislation to impose a 15% capital gains tax on cryptocurrency investors, according to Reuters and local media reports. The country currently lacks a legal framework for taxing digital assets.
Under the proposed bill, the first €500 (approximately $580) of crypto gains would remain exempt from taxation. The draft represents Greece's first formal attempt to establish crypto tax rules, addressing a gap in the country's regulatory infrastructure.
The 15% rate positions Greece's approach within the moderate range of global crypto taxation policies. The exemption threshold suggests the government aims to reduce tax burden on smaller investors while capturing revenue from larger transactions.
Greece joins other European nations in developing specific crypto tax guidance. The draft bill's specificity on both rate and exemption amounts indicates the Finance Ministry has advanced the proposal beyond preliminary planning stages.
The legislation has not yet been formally introduced to parliament or voted on. Reuters and local Greek media provided initial reporting on the draft, though full details of implementation, reporting requirements, or effective dates remain unclear from available reporting.
The proposal covers capital gains specifically, leaving questions about how other crypto income streams such as staking rewards, mining proceeds, or exchange gains might be treated under Greek tax law. The draft's current status within the legislative process was not specified.