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ZEC $1,204 Greece proposes 10% crypto capital gains tax with €500 exemption
Greece has released a draft bill that would tax crypto profits at 10% after a €500 annual exemption, with parliament due to consider it in November.
Key takeaways
- The proposed rate. Greece's draft proposes a 10% capital gains tax on cryptocurrency profits.
- Small gains exempt. The first €500 in annual crypto gains would not face the proposed tax.
- Earlier plan was higher. A June 2026 plan proposed a 15% rate with the same €500 exemption.
What happened
Greece has put forward a draft law that would apply a 10% tax to cryptocurrency profits, with the first €500 of yearly gains exempt. The bill was released for public consultation and is set to go to the Greek parliament in November.
An earlier plan from Greece's Finance Ministry proposed a 15% rate while keeping the €500 exemption. The latest draft lowers the rate to 10%, and no reason has been given for the change.
Why it matters
Greek officials have not estimated potential tax revenue for the measure. They have cited the difficulty of measuring domestic crypto activity because most Greek investors trade on platforms based outside the country.
The proposal comes as EU cryptocurrency reporting rules under DAC8 take effect, although member states continue to set their own tax rates. Rates across Europe range from 8% to 30% and are usually charged on capital gains.
What the data shows
The draft sets a 10% rate on crypto capital gains. The first €500 in annual gains would be exempt, an amount worth about $560 at current exchange rates.
In June 2026, Greek authorities were preparing a 15% capital gains tax on crypto with the same €500 exemption. The latest version keeps the exemption but lowers the rate to 10%.
The DAC8 directive took effect on Jan. 1, 2026, with data for 2026 transactions to be shared among tax authorities in 2027. In the United Kingdom, 17,600 taxpayers reported £1.38 billion in taxable crypto gains for the 2024 to 2025 tax year. British authorities expect to start receiving crypto customer data under international rules in 2027.
Background
Greece currently has no comprehensive legal framework for taxing cryptocurrency profits. The draft follows an earlier proposal from the Finance Ministry and would set a stated tax rate and an annual exemption for crypto gains.
What is still unclear
- It is unclear how losses could be deducted, whether wallet-to-wallet transfers would face tax, and how transactions would be valued.
- The draft does not explain exactly how the €500 threshold would be applied.
- The government has not published a revenue estimate for the measure, partly because many Greek investors trade through platforms outside the country.
- No reason has been given for lowering the proposed rate from 15% to 10%.
Questions readers ask
What is Greece's proposed crypto tax rate?
The draft proposes a 10% capital gains tax on cryptocurrency profits. The first €500 in annual gains would be exempt.
When will Greece's parliament consider the crypto tax?
The bill is due to be submitted to the Greek parliament in November after public consultation.
Did Greece previously propose a different rate?
Yes. In June 2026, Greek authorities were preparing a 15% capital gains tax on crypto with the same €500 exemption. The latest draft lowers the rate to 10%, and no reason has been given for the change.
What details are still unclear in Greece's crypto tax draft?
The draft does not explain how losses would be deducted, whether transfers between wallets would be taxed, or how crypto transactions would be valued. It also does not explain exactly how the €500 threshold would be applied.
Sources · 5 publishers
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Greece plans 10% capital gains tax on cryptocurrencies
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Greece proposes 10% crypto capital gains tax with €500 annual exemption -
Greece Proposes 10% Crypto Capital Gains Tax With €500 Exemption -
Greece Plans 10% Crypto Capital Gains Tax, Down From 15% Floated in June -
Greece Drafts 10% Crypto Capital Gains Tax, a Lower Rate Than Officials Floated in June
