Greece plans to tax profits from crypto at a rate of 15%, Bitcoin Magazine reported, citing Reuters and local media. Greece's Finance Ministry has prepared draft legislation, as Greece has no existing legal framework for crypto taxes.
Under the draft, the first €500 of crypto gains each year would be tax-free. Only the net gain would be taxed when crypto is sold, after trading fees are subtracted. Exchanging one coin for another would not count as a taxable event. The tax would apply when holdings are turned into euros or another government-issued currency, or spent on goods and services.
Losses could be offset against later crypto gains for as long as five tax years. Rewards from staking or lending would only become taxable once those tokens are sold. The tax would cover gains made since January 1, 2025, so profits from last year onward would appear on returns filed in 2027. Parliament is expected to receive the bill in November.
Tax treatment differs widely across the EU, Bitcoin Magazine noted, with rates that vary from 8% in Cyprus up to 30% in France. Some countries are gentler on long-term holders: Germany does not tax crypto kept longer than a year, and Portugal has a similar rule after 365 days.
Why it matters for beginners
A capital gain is the profit you make when you sell something for more than you paid for it. Draft rules like these show why good records matter: to work out a net gain you need the purchase price, sale price and fees for each trade. The bill is still a draft and could change before parliament votes, so Greek residents should wait for the final law and consider talking to a local tax professional.
Source
Finvane summary of reporting by Bitcoin Magazine. Facts and figures come from the original report; the wording is ours.
Read the original report: Greece Plans Crypto Capital Gains Tax: Report ↗For education only, not financial advice. Crypto assets are volatile and you can lose money.