Greece is preparing to introduce a 10% capital gains tax on cryptocurrency profits, according to Reuters, which cited a draft bill released for public consultation on Thursday.
The proposed legislation would exclude the first 500 euros ($560) of annual cryptocurrency gains from taxation. The government plans to submit the bill to parliament in November.
Greece’s crypto market is difficult to measure because a large portion of local investors use platforms based outside the country, Reuters reported. Greek authorities have not yet disclosed an estimate for how much revenue the proposed tax could bring in.
The planned 10% rate would rank among the lower cryptocurrency capital gains taxes in the European Union. Germany, France and Italy are introducing or considering rates exceeding 25%.
The move is part of a broader European trend toward treating cryptocurrency taxation more like traditional investment assets such as stocks. Governments are increasingly adjusting their tax systems as digital assets become more common in mainstream investment portfolios.
