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CryptoGreece

Greece approves 10% tax on crypto gains, exempting first €500

Greece's parliament passed a 10% capital gains tax on cryptocurrencies. Annual gains up to €500 are exempt, so small holders may owe nothing while larger profits will be taxed.

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Photo: Jebulon, CC0, via Wikimedia Commons

Crypto ·

Greece's parliament has approved a 10% tax on capital gains from cryptocurrencies. A capital gain is the profit made when an asset is sold for more than its purchase price.

Crypto

The law is the country's first framework written specifically for crypto taxation. It sets one rate for profits made on digital assets.

In numbers

  • 10%Crypto capital gains tax
  • €500Annual tax-free gains

Crypto

Annual gains of up to €500 are exempt from the tax. Only profits above that level would be taxed at the 10% rate.

The final rate came in below the rate in the draft proposal, according to the material. The text does not give the draft figure or any other detail of the earlier version.

Background

Until this law, Greece had no tax framework written specifically for crypto assets.

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Greece
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Crypto

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Photo: Jebulon, CC0, via Wikimedia Commons

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