Greece plans 10% capital gains tax on cryptocurrencies
Greece is preparing draft legislation to impose a 10% capital gains tax on cryptocurrencies, as it moves towards the country’s first digital asset taxation framework.
Greece published a draft bill on Wednesday proposing a 10% capital gains tax on cryptocurrencies, with an exemption for annual gains of up to 500 euros ($559.95).
Officials seek to close the consultation on the draft bill on Oct. 22, before a parliamentary vote scheduled for the first week of November.
The proposal would also allow the voluntary declaration of previously realized crypto gains without penalties, exempt crypto-to-crypto swaps from capital gains tax and introduce a flat 10% tax on returns from staking, lending or liquidity providing.