- Greece’s draft proposes a 10% personal tax on crypto gains above a €500 annual exemption.
- Crypto-to-crypto swaps would not trigger capital-gains tax; staking, lending, and liquidity returns would count as interest.
- Consultation closes October 22, 2026, before a planned November parliamentary vote; the proposal is not law.
Greece’s Ministry of National Economy and Finance published a draft on October 7, 2026, proposing a 10% personal tax on individuals’ cryptocurrency capital gains and a €500 annual exemption. The proposal has not become law.
Under the plan, gains above the exempt amount would be taxed when individuals transfer or sell crypto-assets. The ministry says the rules are intended to close a gap in Greece’s tax framework.
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The proposal also addresses other crypto income. Returns from staking, lending and liquidity provision would count as interest, while exchanging one cryptocurrency for another would not by itself trigger a capital-gains tax.
Public consultation remains open. The draft is part of a wider financial bill, and its provisions could change before Parliament considers it.
The draft separates taxable disposals from other crypto activity
The proposal would calculate a gain by comparing what an individual paid to acquire an asset with the amount received when transferring or selling it. When someone bought the same asset in multiple batches, the draft would use an average acquisition cost.
| Activity or transaction | Proposed treatment |
|---|---|
| Crypto sale or transfer | Gain based on acquisition cost and transfer or sale value |
| Multiple purchases of the same asset | Average acquisition-cost method |
| crypto-to-crypto swaps | No capital-gains tax triggered by the exchange itself |
| Staking, lending and liquidity provision | Returns treated as interest and taxed at 10% |
| Crypto received as employee or shareholder compensation | Valued at its euro equivalent when received |
| Crypto sale | No separate digital transaction fee proposed |
The draft would defer taxation on an exchange between cryptocurrencies until a taxable disposal. It would not treat that exchange alone as a realized capital gain.
Loss treatment remains part of the proposal. One reported version would allow losses exceeding €500 to be carried forward for up to five years, for use against future crypto gains.
The rules would also cover crypto received as a benefit in kind. The proposed valuation point is when the recipient receives it, using its euro equivalent at that time.
A broader finance bill would add Greece’s first dedicated crypto-tax rules
The crypto provisions sit inside a bill covering private debt, loan servicers, capital-market rules and financial-system supervision. The ministry says the crypto section would provide greater tax certainty and address a gap in existing legislation.
The measure would create Greece’s first dedicated statutory framework for taxing crypto-asset transfers and related income. It would cover both gains from transfers and returns classified as interest.
No separate digital transaction fee would apply to crypto sales under the draft. The proposed treatment instead centers on gains, selected income streams and the valuation of crypto compensation.
Consultation runs through October 22 before a planned November vote
The public consultation closes at 10:00 a.m. on October 22, 2026. The ministry plans to submit the bill to Parliament in the first week of November 2026, with a vote targeted for that week.
The timeline follows an earlier proposal discussed in June 2026. Greek government sources reportedly indicated then that officials were considering a 15% rate; the consultation draft now sets out a lower rate while retaining the €500 exemption.
The rate, exemption and provisions on losses, disclosure and crypto income remain subject to revision during the consultation and parliamentary process. The proposed tax is not currently enforceable law.
Offshore platforms make the tax base hard to measure
Greek officials have said estimating revenue is difficult because many investors use platforms outside the country. They gave no official revenue forecast for the proposal.
“the vast majority of investors use platforms outside the country.”
The draft’s proposed rate sits within a reported 8%–30% range for crypto capital-gains taxes among European countries. Europe has no single harmonized crypto-tax regime, leaving national approaches distinct.
The ministry’s stated rationale is to improve tax certainty and close the existing legislative gap. The size of any future revenue stream remains difficult to calculate while investors use offshore exchanges and platforms.
Earlier gains would get a limited declaration window
If the bill becomes law, taxpayers would have 12 months after its publication to voluntarily declare gains realized earlier. The draft mechanism would waive penalties and interest if the resulting tax were paid within 60 days of the declaration.
That opportunity would depend on the final law and its conditions. The draft’s declaration period would begin only after publication of the enacted law, not when consultation ends.
The ministry’s planned submission is the next scheduled step: the bill is intended to reach Parliament in the first week of November 2026.
