Greece has introduced a draft bill proposing a 10% capital gains tax on cryptocurrency profits, giving digital assets a formal tax framework for the first time. The proposed rate is lower tha
Greece has introduced a draft bill proposing a 10% capital gains tax on cryptocurrency profits, giving digital assets a formal tax framework for the first time. The proposed rate is lower than the 15% levy previously discussed by Greek officials, while individual investors would be exempt from tax on annual crypto gains of up to €500.
The legislation is currently open for public consultation and is expected to be submitted to the Greek parliament in November 2026. If approved, the 10% rate would sit below the crypto tax rates applied in several major EU markets, including Germany, Italy and France, where rates can exceed 25%. The EU does not impose a single cryptocurrency capital gains tax under MiCA, leaving individual member states to establish their own rules.
Greece Proposes 10% Tax on Crypto Gains and Past Profits
Greece is proposing a 10% tax on cryptocurrency capital gains, while giving investors a 12 month window to declare profits from previous years without fines or interest. https://t.co/12QLUUpC1n https://t.co/LgT34f6MAa
— Greek City Times (@greekcitytimes) October 8, 2026
Officials have acknowledged difficulties in determining the scale of domestic cryptocurrency trading, with many Greek investors using offshore and foreign-based exchanges. As a result, the government has yet to provide an official estimate of how much revenue the proposed crypto tax could generate.
READ ALSO: Why Crypto Firms Are Staying Silent as France’s Regulator Enforces EU Licensing Deadline
Crypto users have welcomed Greece’s proposed 10% tax rate, with X user @Kingloui highlighting the structure of the plan, to include a €500 annual tax-free allowance, no tax on crypto-to-crypto swaps, 10% taxation on staking, lending and LP rewards, and the ability to carry losses forward for five years. Kingloui also pointed to the proposed 12-month window for voluntarily declaring past gains without penalties or interest, calling the framework potentially attractive for crypto investors. Another X user @andrew similarly described the combination of a €500 exemption and 10% tax as “the most reasonable tax” he has seen in the EU.
JUST IN: Greece proposes its first crypto tax, charging 10% on profits above €500 per year.
— Coin Bureau (@coinbureau) October 8, 2026
Others focused less on the headline tax rate and more on what the €500 threshold could mean for reporting and government oversight. A user on X @MannyX argued that the exemption could become a “reporting funnel,” as retail wallets could exceed the threshold through ordinary activity and give authorities greater visibility into crypto holdings and transactions. Another user @oadam also identified the €500 threshold, arguing that it creates a practical dividing line between smaller gains and activity that formally enters the tax system.
greece is about to make its best decision since inventing democracy
i’ve been expecting us to follow cyprus and become a crypto haven
we rely on tourism, so attracting crypto capital makes sense
good weather, good food, good people and good taxes?
what else do you need?
— ChaosWalk3r (@ChaosWalk3r) October 8, 2026
The proposal has also started a discussion about Greece’s potential appeal to crypto investors. A user on X @ChaosWalker said he had expected Greece to follow Cyprus and position itself as a crypto haven, pointing to the country’s reliance on tourism and arguing that attracting crypto capital could complement its existing economic model. He described the combination of Greece’s weather, food, tourism appeal and proposed tax treatment as a potential draw for crypto users, adding:
“crypto bros, i’m welcoming you to the crypto capital of Europe.”
READ ALSO: Japan Backs Major Crypto Tax Overhaul With Flat 20% Rate
For investors, keeping proper records could become just as important as the tax itself, as well as cross-border reporting. Under the EU’s DAC8 rules, crypto-asset service providers will begin reporting information on EU-resident users and reportable transactions, with the first reporting year in 2026 and exchanges of information beginning in 2027. For Greek investors, that could make previously fragmented crypto activity easier for tax authorities to identify.
The rules could also change how investors structure their portfolios. A trader who moves from Bitcoin into Ethereum, for example, would have a different tax outcome from one who sells Bitcoin for euros and later buys Ethereum.
Meanwhile, the European Commission’s review of MiCA closed on September 30 after opening in May and being extended from August 31. The feedback will inform a report on the rules and could lead to legislative changes, particularly around stablecoins and DeFi.
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