Greece to Impose 10% Capital Gains Tax on Crypto, Exempts Small Gains

Greece is set to introduce a 10% capital gains tax on cryptocurrency gains, according to a bill scheduled for submission to parliament in November. The proposed legislation includes an annual exemption for gains up to €500 ($560), aiming to balance revenue generation with support for small-scale investors.

The move aligns with broader European Union efforts to regulate digital assets under the Markets in Crypto-Assets (MiCA) framework. While the exemption threshold may ease the burden on retail traders, the flat 10% rate could still impact profitability for active crypto investors. Greece joins a growing list of EU nations implementing specific tax rules for cryptocurrencies, reflecting the sector's increasing integration into mainstream finance.

If passed, the tax could take effect in 2024, potentially influencing trading behavior and investment flows in Greece. Stakeholders, including crypto advocacy groups, are expected to scrutinize the bill's details, particularly regarding reporting requirements and enforcement. The development underscores the global trend toward clearer taxation of digital assets, with implications for investors and businesses operating in the Greek market.