Greece Approves 10% Crypto Gains Tax

Greece’s parliament approved a 10% cryptocurrency capital gains tax on Nov. 5, introducing a defined rate alongside an exemption for annual gains up to €500. For individual investors, the framework offers clearer tax treatment while making transaction records important for calculating taxable profits.

The measure passed as part of a wider financial-sector bill. The bill was passed on November 5th, according to the legislative record of Parliament.

Capital-Gains Rules Scheduled for 2027

The submitted legislation schedules the new capital-gains provision to apply to tax years beginning Jan. 1, 2027. That timing separates the planned recurring tax regime from arrangements for declaring earlier gains, although the commencement date remains subject to confirmation against the final published law.

The framework exempts annual net gains where the total does not exceed €500. This exemption is a limit; it shouldn’t be seen as a €500 tax break that every investor can use to lower their gains.

Purchase Records Determine Taxable Profit

In its October explanation, the Finance Ministry stated that the gains would generally be calculated as the difference between acquisition and transfer prices. The calculation therefore focuses on profit from a disposal, rather than applying a 10% charge to the value of an entire portfolio.

The ministry also described transaction-documentation requirements and an average acquisition price for assets bought through successive purchases. Keeping purchase histories would help investors establish the cost used in calculating gains.

Its October explanation excluded crypto-to-crypto exchanges from taxable gains. Their treatment remains a point for clarification in the final published legislation and implementation guidance, rather than a settled exemption traders can assume applies to every swap.

Earlier Gains Have a Separate Disclosure Route

The ministry’s outline provided a route for voluntarily declaring gains from earlier transfers within 12 months of the law’s publication. Under the stated conditions, declarations would avoid penalties and interest, offering investors a way to address previously unreported gains.

Further implementation instructions, including transparency and audit rules, are expected in the coming weeks. Revenue could not yet be estimated because widespread use of overseas platforms makes Greece’s crypto market difficult to measure.