Greece is preparing a crypto tax bill that would charge 15% on capital gains while keeping the first 500 euros in gains tax-free, Reuters has learned, citing two government officials familiar with the plan.
The Finance Ministry is preparing legislation expected to be submitted to parliament in the coming months, a senior government official told Reuters.
"The aim is to include cryptocurrencies in the country's tax code," the official said, without elaborating on details. A second official confirmed the Greek government's plan and said the first 500 euros, or about $580, in gains would be exempt.
- Greece currently doesn't have a comprehensive legal framework for taxing crypto.
- European Union countries also don't have one shared tax system for the bloc.
As Reuters noted, crypto taxation across Europe remains uneven, with rates varying from 8% in Cyprus to 30% in France, usually applied to capital gains.
- The proposed crypto tax would put the industry in line with Greece's broader tax code, where capital transfer gains are generally taxed at 15%, according to the Finance Ministry's own tax guide.
The planned tax wouldn't apply to individual Bitcoin mining. However, it would apply when crypto mining is done by a registered corporate entity, according to the report.
If passed, the bill would put crypto gains into the country's tax code without creating a separate tax regime for every type of crypto activity.