Greece Approves 10% Crypto Gains Tax, Adds 15% Levy on DeFi Income
Greece's parliament approved a framework taxing crypto gains at 10% and DeFi income at 15%, with annual net gains up to €500 exempt. The rules are scheduled to apply from January 2027, with a 12-month window for declaring past gains without late-filing penalties.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
What Parliament Approved
The Greek Parliament has approved a tax framework that sets a 10% rate on crypto capital gains, according to The Defiant. Annual net gains of up to €500 are exempt under the framework, and the rules are scheduled to apply from January 2027.
CoinDesk reports the package also includes a separate 15% levy on income earned from DeFi activity. Both outlets describe the same core structure, but CoinDesk's coverage places more emphasis on the DeFi component, which the Defiant summary does not mention.
Transition and Declaration Window
CoinDesk reports that investors will have 12 months to declare past crypto gains without incurring late-filing penalties. The Defiant's coverage does not address this transition provision, so the detail rests on a single source at this stage.
The declaration window gives holders with earlier realized gains a defined period to bring their filings into compliance before the framework takes effect.
Open Questions on Crypto-to-Crypto Swaps
CoinDesk notes that questions remain over how crypto-to-crypto swaps will be treated under the framework. Neither source provides a determination on that point, and the treatment of swaps is a material variable for active traders who rotate between tokens.
Until the implementing guidance is published, the classification of swap transactions and the calculation of taxable gains in those cases remain unresolved in the reporting available.
Regulatory Context
The approval places Greece among EU member states setting national crypto tax rules ahead of harmonized treatment at the bloc level. The two sources agree on the 10% capital gains rate and the €500 exemption; they differ in emphasis, with only CoinDesk covering the DeFi levy and the declaration window.
Why It Matters
For Traders
Traders rotating between tokens should watch for implementing guidance on crypto-to-crypto swaps, since that classification will determine taxable events before the January 2027 start date.
For Investors
A defined national tax regime for crypto and DeFi income gives Greek holders a clearer compliance path, though the rules remain years from taking effect.
For Builders
The separate 15% levy on DeFi income means protocols serving Greek users may need tax reporting or wallet-level data features to support their users' filings.
This article is for information only and is not financial advice. Read the full disclaimer.
