Greece approves 10% crypto capital gains tax in first comprehensive framework

Greece's parliament approved a comprehensive tax framework on November 5, 2026, establishing a 10% capital gains tax on cryptocurrency transactions starting January 1, 2027. The legislation includes an annual €500 tax-free exemption and excludes crypto-to-crypto swaps from taxation. Reduced from an initial 15% draft following public consultations, the 10% rate positions Greece among lower-tax EU jurisdictions, accompanied by a 12-month voluntary disclosure window for past gains.

Passage and rate reduction of the tax bill

• ▪Greek lawmakers lowered the cryptocurrency capital gains tax rate to 10% from an initial 15% proposal following public consultation sessions held between October 7 and October 22, 2026
• ▪The Greek parliament approved a bill establishing the country's first comprehensive tax framework for cryptocurrencies, introducing a flat 10% capital gains tax

Exemptions and loss carryforward rules

• ▪Cryptocurrency losses exceeding €500 in a tax year can be carried forward for up to five years to offset future cryptocurrency capital gains in Greece
• ▪The Greek cryptocurrency tax legislation approved on November 5, 2026, exempts net annual cryptocurrency capital gains of up to €500 ($563) from taxation

Scope of taxable digital asset transactions

• ▪Under the Greek cryptocurrency tax framework, swapping one cryptocurrency for another is treated as a non-taxable event and does not trigger capital gains tax
• ▪Set to take effect on January 1, 2027, Greece's 10% tax applies to net gains from selling cryptocurrency for fiat currency, buying goods or services with digital assets, or contributing cryptocurrency to company capital

Compliance, reporting, and audit requirements

• ▪The Greek cryptocurrency tax framework includes a 12-month voluntary disclosure window allowing individuals in Greece to report previously undeclared cryptocurrency gains without incurring penalties
• ▪European Union DAC8 reporting rules require cryptocurrency platforms to transmit user and transaction data to national tax authorities, a requirement Greece incorporated into domestic law
• ▪A senior Greek finance ministry official stated that implementation directives setting transparency and audit rules for Greece's cryptocurrency tax framework will be published in the coming weeks