Greece is moving to tax cryptocurrency profits for the first time, with its Ministry of National Economy and Finance releasing a draft bill that proposes a flat 10% capital gains tax on digit
Greece is moving to tax cryptocurrency profits for the first time, with its Ministry of National Economy and Finance releasing a draft bill that proposes a flat 10% capital gains tax on digital assets including $BTC, $ETH, and $XRP.
The proposal, released for public consultation on October 7, 2026, would establish Greece's first dedicated legal framework for taxing crypto gains. The bill proposes a 10% tax on individuals' crypto capital gains, with an exemption for annual gains of up to €500 (approximately $560). Gains above that threshold would be taxed at the flat 10% rate.
The draft would also exempt crypto-to-crypto swaps from capital gains tax and introduce a flat 10% tax on returns from staking, lending, or liquidity provision. Additionally, the proposal would allow voluntary declaration of previously realized crypto gains without penalties, within 12 months of the law's publication.
On the mining side, the law draws a clear distinction between individual and corporate participants. Independent solo miners would be exempt from tax liability, while corporate mining operations would be taxed using standard corporate balance sheets.
The 10% figure marks a notable reduction from earlier signals. Greece's Ministry of National Economy and Finance put the draft out for public consultation on October 7, with government officials having described a 15% rate to Reuters in June.
Greece has previously operated without a dedicated, comprehensive system for taxing cryptocurrency gains, leaving the treatment of digital asset investments without the same specific rules applied to many conventional financial assets. The new bill is designed to close that gap and provide clarity for both investors and tax authorities.
The government has not provided a revenue estimate for the proposed crypto tax, with Greek officials noting that measuring the domestic cryptocurrency market remains difficult because many investors use trading platforms based outside the country.
The Finance Ministry's draft bill is open for public consultation until October 22, after which it is expected to be formally presented to the Greek parliament in November 2026.
Sources:CoinTelegraph: Greece Plans 10% Capital Gains Tax on CryptocurrenciesUnchained Crypto: Greece Drafts 10% Crypto Capital Gains TaxCoinDesk: Greece Prepares to Levy 10% Capital Gains Tax on Cryptocurrency
