Greece Sets 10% Crypto Gains Tax With €500 Annual Exemption
Greece's parliament approved a flat 10% tax on net crypto gains on November 5, 2026, its first dedicated crypto tax framework. The first €500 of annual net gains is exempt, and crypto-to-crypto swaps are not taxed.
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What Parliament Approved
Greek lawmakers approved a bill on November 5, 2026 that applies a flat 10% tax to individuals' net crypto gains, according to Crypto Briefing. The first €500 of net annual gains, after losses are counted, is exempt. Crypto.news, citing Reuters, describes the measure as the country's first comprehensive crypto tax framework.
The law defines taxable "transfers" broadly, covering sales for fiat, spending crypto on goods or services, and contributing crypto to a company's capital. Swapping one cryptocurrency for another does not create a taxable capital gain, a point the Finance Ministry made in its consultation announcement.
Rate Change and Consultation
The final rate is lower than the government's earlier proposal. Crypto.news reported that a June proposal set the rate at 15% with the same €500 exemption. Crypto Briefing says the figure dropped to 10% after public consultation sessions held between October 7 and October 22, 2026, and the Finance Ministry's consultation closed on October 22.
Yield, Mining and Losses
The sources differ on the rate for yield income. Crypto Briefing reports that income from staking, lending and liquidity provision is classified as interest and taxed at 10%. Crypto.news, citing the ministry's published explanation, says these returns are subject to a 15% rate. Readers should check the final statute text, as the two figures cannot both be right.
On mining, the June proposal, as reported by crypto.news, would have exempted individual mining while keeping corporate mining taxable. Crypto Briefing does not address mining. Losses above €500 can be carried forward for up to five years to offset future gains, according to Crypto Briefing.
Voluntary Disclosure and Reporting Context
The law gives individuals a 12-month window from publication to voluntarily declare previously unreported gains. Crypto Briefing says taxes owed must be paid on time and no penalties apply. Crypto.news adds, citing Greek tax publication Forin, that disclosure does not itself establish the legitimacy of the funds used to buy the assets. Forin also reported that crypto transfers are excluded from the presumption that repeated transactions constitute business activity.
The Finance Ministry official cited by Reuters said further directives on transparency and tax audits would follow. The government has not estimated expected revenue, and the official said most Greek investors use overseas platforms, leaving authorities without a reliable measure of the domestic market.
The framework also sits alongside the EU's DAC8 rules, which took effect January 1, 2026 and require crypto service providers to report EU residents' transactions to national tax authorities, according to crypto.news citing the European Commission. Across the EU, member states still tax crypto at varied rates, and Crypto Briefing describes Greece's rate as comparatively modest.
Why It Matters
For Traders
Greek resident traders with realized gains should model the 10% rate and the €500 threshold, and note that crypto-to-crypto swaps are not taxed under the new rules.
For Investors
Greece's first dedicated framework gives a clearer baseline for crypto tax exposure in an EU member state as DAC8 reporting begins across the bloc.
For Builders
Exchanges and wallet providers serving Greek users will need to support transfer classification, average-cost basis, and DAC8 reporting under the new rules.
This article is for information only and is not financial advice. Read the full disclaimer.
