Greece Proposes 10% Crypto Capital Gains Tax With €500…

AI summary of the source article

Greece's Ministry of National Economy and Finance has introduced a draft bill establishing the country's first dedicated digital asset tax framework. The legislation proposes a 10% capital gains tax on individual crypto asset disposals, with gains up to €500 per tax year exempt. Crypto-to-crypto exchanges would not trigger immediate capital gains tax, while returns from staking, lending, and liquidity provision would be taxed separately as interest at 10%. The proposal also includes a 12-month transition mechanism allowing taxpayers to declare past gains without penalties or interest. Public consultation runs until October 22, with the bill expected to reach parliament in early November.

Why it matters

The draft framework provides regulatory clarity for Greek crypto investors and DeFi participants ahead of enhanced cross-border visibility from the European Union's DAC8 reporting regime.

Key facts

• The draft bill proposes a 10% tax on crypto capital gains exceeding a €500 annual exemption threshold.
• Swapping one cryptocurrency for another will not trigger an immediate taxable event under the proposal.
• Income generated from staking, crypto lending, and liquidity provision will be taxed as interest at 10%.