Greece Proposes 10% Crypto Gains Tax with €500 Exemption

The government’s latest draft arrives as a more moderate version of an earlier proposal that suggested a 15% levy. Despite the shift in rate, officials have yet to provide revenue projections, largely because a significant portion of domestic crypto activity occurs on foreign trading platforms. The current framework lacks specific guidance on how losses will be accounted for or how wallet-to-wallet transfers will be treated under the new regime.

This move aligns with broader European efforts to standardize digital asset oversight, specifically the EU’s DAC8 directive. While DAC8 mandates the collection and exchange of transaction data between member states to enhance transparency, it does not unify tax rates. Consequently, Greece remains responsible for defining its own fiscal policy, even as it navigates the practical challenges of tracking assets held outside its borders. Following the current public consultation period, the bill will head to parliament for further debate.