Greece has published a draft bill that would create the country’s first dedicated tax framework for digital assets by imposing a 10% capital gains tax on cryptocurrency profits, with an annual exemption of €500. The finance ministry released the proposal for consultation on October 7–8, and the draft is expected to reach parliament in November. Earlier discussions had signalled a possible 15% rate; the draft trims that to 10% and includes a 12-month window after the law takes effect for individuals to voluntarily declare prior gains without penalties or interest.
The draft distinguishes between different forms of crypto income. Capital gains on sales would be taxed at a flat 10%, while income from staking, lending and liquidity provision would be classified as interest and also taxed at 10%. Notably, crypto-to-crypto swaps would not be treated as taxable events under the proposal, meaning rebalancing between tokens would not trigger immediate taxation; the tax would apply when assets are sold. The draft also specifies that crypto sales would be exempt from a digital transaction fee. These design choices aim to reduce paperwork and unexpected tax liabilities for active traders while providing clarity for DeFi participants.
Greek officials have not provided an estimate of potential revenue, citing difficulties in measuring domestic crypto activity because many investors trade on platforms based outside Greece. The proposal is framed in the context of EU reporting standards such as DAC8, which increase information exchange but leave member states free to set tax rules and rates. The draft remains subject to public consultation and could change before becoming law; several technical issues noted in the summary—treatment of losses, valuation of transactions, and handling of transfers between wallets—are not fully specified and may be amended during the legislative process.