Proposed Tax Framework Takes Shape

Greece’s Ministry of National Economy and Finance has released a draft bill for public consultation that would introduce a dedicated tax regime for cryptocurrency gains. The measure, open to feedback until October 22, would apply a flat 10% rate to profits exceeding the annual exemption threshold. Gains up to €500 per year would remain tax-free, with the proposal slated for parliamentary submission in November.

Under the rules, individuals would calculate taxable gains as the difference between acquisition and disposal prices, using an average acquisition cost method for assets purchased across multiple batches. Swaps between cryptocurrencies would not trigger a taxable event. Returns from staking, lending and liquidity provision would be treated as interest income and taxed at the same 10% rate.

Greece currently lacks a comprehensive legal framework specifically governing the taxation of digital asset profits. The new provisions aim to fill that gap as part of a broader legislative package addressing private debt and loan servicers.

Amnesty Period Allows Voluntary Past Disclosures

A notable feature of the draft is a 12-month grace period after the law’s publication, during which eligible taxpayers could declare previously realized crypto gains without penalties or interest. The bill outlines specific conditions for this voluntary disclosure to encourage compliance.

This amnesty provision is expected to attract attention from investors holding undeclared assets, providing a structured window to come forward before the tax regime fully activates.

Exemption and Rate Set Below European Averages

The €500 annual exemption offers targeted protection for smaller-scale investors while the 10% rate remains among the lower levels across the European Union. The proposal reflects a more measured approach compared with higher rates in several neighboring countries.

European taxation of cryptocurrency gains currently ranges widely. Greece’s draft would position the country near the lower end of the spectrum, treating digital assets in line with traditional financial instruments.

Market Size and Revenue Challenges

Greek authorities have not provided a revenue projection for the proposed tax. Officials cited difficulties in estimating the domestic cryptocurrency market because the majority of investors trade on platforms located outside the country. This reliance on international exchanges complicates accurate tracking and taxation.

Broader European Context and Reporting Rules

The Greek initiative occurs amid the first full year of EU crypto reporting obligations under Directive DAC8, which took effect on January 1, 2026. Cryptocurrency service providers must collect transaction data on EU residents and exchange information with national tax authorities starting in 2027.

While DAC8 establishes common reporting standards, member states retain the authority to set their own tax rates on digital assets. The Greek proposal aligns with this framework by introducing clear rules for a jurisdiction previously without dedicated crypto taxation provisions.

Next Steps in Legislative Process

Public consultation on the draft closes on October 22. The Ministry of National Economy and Finance aims to bring the bill before parliament in the first week of November for debate and potential approval. Any final version would incorporate input from stakeholders and could see adjustments during the legislative process.