Greece Approves Cryptocurrency Taxation; New Rules to Take Effect in 2027

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The Greek Parliament has ratified a legislative framework introducing taxation on cryptocurrency-related profits. Part of a broader legislative package, the new rules will come into force on January 1, 2027, marking a significant shift in the nation’s approach to digital asset regulation.

Established Tax Rates Unveiled

Under the new regulation, profits derived from the sale of cryptocurrencies will incur a 10% tax. Investors with annual earnings below €500 will be exempt from this levy, providing a limited concession for smaller-scale transactions. The law also extends beyond trading profits, imposing a 15% tax on income from staking, crypto lending activities, and providing liquidity to decentralized protocols.

Profits from cryptocurrency sales will be taxed at 10%, with exemptions for annual earnings below €500.

Declaration Process and Scope

Purchasing goods or services with cryptocurrencies might, under certain conditions, trigger a capital gains tax. However, exchanging one cryptocurrency for another will not generate taxable income. The legislation also provides a 12-month voluntary disclosure window for previously undeclared crypto gains. Investors who file within this period must settle their tax liability within 60 days of application to avoid penalties and interest charges.

These impending changes may increase the need for investors to closely monitor the tax implications of different types of transactions. Platforms like CryptoAppsy could play a vital role, offering real-time coin data alongside tailored news feeds to help users keep track of developments, particularly in staking, liquidity provision, or sales activities.

Part of a Broader Legislative Package

The specific tax provisions are integrated within a wider legislative package that addresses credit oversight, debt protections, and financial market regulations. The Hellenic Ministry of National Economy and Finance first proposed the crypto tax in October.

A 15% tax will apply to incomes from staking, crypto lending, and liquidity provision in decentralized protocols.

The government in Athens aims to establish a more transparent framework for the taxation of cryptocurrency assets with these measures. The new system intends to refine the classification of investment gains and ensure the documentation of past disclosures.