Greece's parliament approves a 10% capital gains tax on crypto, exempting gains of up to €500 a year, in the country's first comprehensive crypto tax framework (Lefteris Papadimas/Reuters)
The Greek parliament has officially instituted the country's first comprehensive tax framework targeting cryptocurrency earnings. Under the newly passed rules, profits generated from digital asset investments will face a 10% levy, though annual gains below €500 remain untaxed. The initiative represents the nation's initial formal endeavor to regulate and capture revenue from crypto trading. Authorities have yet to outline the operational mechanics regarding how the new rules will be implemented and enforced.
Key points
The newly enacted measure marks Greece's initial formal effort to secure tax revenue from…: The newly enacted measure marks Greece's initial formal effort to secure tax revenue from digital currency markets.
Small retail cryptocurrency traders benefit from a tax-free annual allowance capped at €5…: Small retail cryptocurrency traders benefit from a tax-free annual allowance capped at €500.
Administrative guidelines concerning how authorities will enforce and implement the tax h…: Administrative guidelines concerning how authorities will enforce and implement the tax have not yet been released.
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