Greece Prepares 15% Tax on Cryptocurrency Gains

Greece is preparing to introduce a tax on cryptocurrency profits. The Ministry of Finance is drafting legislation that would impose a 15% capital gains tax on income generated from investments in digital assets.

The proposal is expected to be submitted to parliament in the coming months. If approved, cryptocurrencies will be formally incorporated into Greece’s tax system for the first time. The move aims to create a clearer regulatory framework for both investors and tax authorities.

Under the proposed rules, the first €500 of profit would be exempt from taxation. Only gains derived from cryptocurrency investments would be subject to the new tax. The regulations would not apply to individuals involved in cryptocurrency mining, although companies operating in the sector would continue to be taxed under existing business tax rules.

Compared to other European countries, Greece’s planned tax rate remains relatively moderate. Cyprus taxes cryptocurrency gains at around 8%, while France imposes rates of up to 30%. In Poland, income from cryptocurrency investments is currently taxed at 19%.

By introducing the new measure, Greece joins a growing number of countries seeking to increase tax revenues from the digital asset market. At the same time, many governments are strengthening oversight of cryptocurrency-related tax reporting and compliance.

Israel provides a recent example of the challenges involved. A voluntary disclosure program for previously undeclared cryptocurrency gains has generated far less revenue than expected. Launched in August 2025, the initiative was projected to recover as much as $1 billion in unpaid taxes. So far, however, only about $50 million in assets have been declared, with 58 taxpayers participating in the program.

Greek authorities acknowledge that estimating the size of the domestic cryptocurrency market remains difficult. Many investors use foreign trading platforms, making it harder to track activity accurately. As a result, the government has not yet released any projections regarding the expected revenue from the proposed tax.