Greece’s parliament has passed legislation establishing a formal tax framework for digital assets, imposing a 10 percent capital-gains levy on cryptocurrency profits and a higher 15 percent rate on income derived from staking, lending and decentralized finance activities.
The new rules are scheduled to take effect on January 1, 2027. The measure introduces a specific exemption for small-scale investors, shielding those with annual net crypto gains of €500 ($557) or less from the tax. However, once an investor’s gains exceed this threshold, the 10 percent rate applies to the entire gain rather than only the amount above €500.
Loss Carry-Forward and Amnesty Window
To mitigate volatility impacts, the law allows qualifying crypto losses exceeding €500 to be carried forward for five years and offset against future crypto gains. The legislation also includes a compliance incentive, granting investors a 12-month window to voluntarily declare previously unreported crypto income without facing late-filing penalties or interest, provided they settle the tax liability within 60 days of filing.
The government has not released estimates regarding how much revenue the new tax regime is expected to generate.
Implementation and Ambiguities
A senior Finance Ministry official told Reuters that detailed guidance on transaction transparency and tax audits would be issued in the coming weeks to clarify operational procedures for taxpayers and authorities.
Despite the passage of the bill, some technical ambiguities remain. A review by parliament’s Scientific Service flagged the legislation’s broad language covering disposals made “for consideration.” The review noted that this phrasing could technically include token-to-token trades, potentially making them taxable events, even though the accompanying explanatory text states that such swaps should not create taxable gains.
