Overview
- Officials told Reuters on Friday that the Finance Ministry is preparing legislation to apply a flat 15% capital gains tax to crypto profits with the first €500 of annual gains exempt from tax.
- The draft would exempt individual miners from the tax while making mining carried out by registered companies taxable under the new rules.
- Authorities say it is hard to estimate the size of Greece’s crypto market and they have not produced revenue forecasts because many investors trade on foreign platforms.
- A 15% rate would place Greece roughly in the middle of European approaches, which range from about 8% in Cyprus to as high as 30% in France, and the move follows wider pressure on states to tighten crypto tax rules.
- The bill remains in draft form and is expected to reach parliament in the coming months with details such as loss offsets, carry-forward rules and the tax treatment of staking and airdrops still to be finalised.