Greece is preparing legislation that would levy a 10% capital gains tax on cryptocurrency profits. Multiple outlets report that the draft bill sets a lower rate than figures previously discussed in June, when a 15% rate was floated.
According to the reports, the proposal includes an exemption for the first €500 of annual crypto gains, meaning gains within that threshold would not be taxed. The draft also addresses how certain transactions are treated: one outlet says crypto-to-crypto swaps would be exempt. The bill is expected to be submitted to parliament in November, where it will be considered through the legislative process.
The story is framed against the backdrop of Europe’s uneven crypto tax regimes. Reported rates across the region vary widely, from Cyprus’s 8% to Italy’s 33%, highlighting different approaches to how jurisdictions tax crypto investment gains.
