Key Takeaways
- • Greece has proposed a 10% tax on individual cryptocurrency capital gains, with total gains of up to €500 per tax year exempt, according to a draft law released for public consultation on October 7, 2026.
- • The €500 exemption applies to aggregate annual gains rather than to each transaction, and crypto-to-crypto swaps would not trigger capital gains tax.
- • Income from staking, crypto lending and liquidity provision would be treated as interest and taxed at 10%, extending the proposal beyond disposal profits.
- • The draft was published by the Ministry of National Economy and Finance as part of a wider package covering private debt, financial markets and digital assets, and is intended to close a gap in Greece's tax framework.
Summary
Greece's Ministry of National Economy and Finance published a draft law on October 7, 2026 proposing a 10% tax on individual cryptocurrency capital gains, with gains of up to €500 per tax year exempt. The draft forms part of a broader legislative package covering private debt, financial markets and digital assets. The government says the crypto provisions are designed to close a gap in the country's existing tax rules and establish a clear framework for the treatment of digital assets. The bill has been released for public consultation.
Under the proposal, taxable gains would generally be calculated as the difference between the price at which a crypto asset was acquired and the price at which it was transferred. The draft also sets rules for documenting transactions and for calculating an average acquisition price where the same asset is bought on multiple occasions. The €500 exemption applies to total capital gains realized in a tax year rather than to individual transactions. Crypto-to-crypto exchanges would not be treated as taxable capital gains under the proposal, a provision that would remove a potential taxable event for investors rotating between digital assets. Reported conversions of the threshold into US dollars vary slightly by outlet, at roughly $560.
The draft extends beyond profits from selling cryptocurrency. Income generated through crypto lending, liquidity provision and staking would be classified as interest and taxed at the same 10% rate. The proposal also classifies crypto purchases as expenditure for acquiring assets under Greece's tax-imputation rules. Coverage of the proposal across crypto and financial media has consistently described the 10% rate and €500 threshold, though the final terms remain subject to consultation and parliamentary approval.
Under the proposal, taxable gains would generally be calculated as the difference between the price at which a crypto asset was acquired and the price at which it was transferred. The draft also sets rules for documenting transactions and for calculating an average acquisition price where the same asset is bought on multiple occasions. The €500 exemption applies to total capital gains realized in a tax year rather than to individual transactions. Crypto-to-crypto exchanges would not be treated as taxable capital gains under the proposal, a provision that would remove a potential taxable event for investors rotating between digital assets. Reported conversions of the threshold into US dollars vary slightly by outlet, at roughly $560.
The draft extends beyond profits from selling cryptocurrency. Income generated through crypto lending, liquidity provision and staking would be classified as interest and taxed at the same 10% rate. The proposal also classifies crypto purchases as expenditure for acquiring assets under Greece's tax-imputation rules. Coverage of the proposal across crypto and financial media has consistently described the 10% rate and €500 threshold, though the final terms remain subject to consultation and parliamentary approval.
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