- Greece plans 15% crypto capital gains tax with first 500 euros of profits fully exempt.
- Tax applies to corporate crypto miners but not to individual mining operations in Greece.
- Greece’s 15% rate sits between Cyprus at 8% and France at 30% limiting capital flight risk.
Greece’s Finance Ministry is drafting legislation that will impose a 15% capital gains tax on cryptocurrency profits, two senior government officials confirmed to Reuters. The bill is expected to reach parliament within the coming months.
For the first time Greek crypto investors will operate under a clear statutory framework. Until now profits were not formally exempt but no specific regime existed for calculating or declaring gains. That legal ambiguity is what the new legislation directly addresses.
The first 500 euros, approximately $580, in annual gains will be exempt from taxation. The tax will not apply to individual cryptocurrency miners but will apply if the mining operation is registered as a corporate entity.
Where Greece Sits in Europe
Crypto taxation across the European Union varies dramatically. Cyprus taxes gain at 8% while France applies 30%. Germany and Portugal have their own distinct approaches. Greece’s proposed 15% rate sits toward the moderate end of the spectrum, a positioning that aims to generate state revenue without triggering significant capital flight to lower-tax jurisdictions.
Officials acknowledged that estimating the size of Greece’s cryptocurrency market is genuinely difficult. The vast majority of Greek investors use platforms registered outside the country, making current activity largely invisible to domestic tax authorities.
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Why the Timing Makes Sense
The legislation does not arrive in isolation. MiCA, the EU’s comprehensive crypto asset regulation, has been fully applicable across all member states since December 2024, bringing more of the industry inside regulated and reportable channels. Greece separately enacted DAC8 crypto reporting rules through Law No. 5301/2026 in May, with provisions applying from January 2026 and first reports expected in 2027.
The Market Context
The legislation arrives during one of the sharpest crypto drawdowns of 2026. Bitcoin traded near $60,870 on Friday, down approximately 17% over the past week. Ethereum fell 9.7% in a single day.
A tax framework introduced during a downturn is also a reminder that disposals can crystallise losses as well as gains. A well-designed regime should allow holders to carry forward those losses, a detail that will matter significantly when the legislation’s final text is published.
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