Greece Plans to Impose 10% Tax on Cryptocurrency Capital Gains

Greece is preparing to legislate a 10% tax on cryptocurrency capital gains, with a draft bill published on Thursday local time entering the public consultation phase, expected to be submitted to parliament for review in November. According to the draft, individuals can be exempt from tax on the first 500 euros of cryptocurrency capital gains per year, equivalent to approximately 559.95 USD. Greece currently lacks a comprehensive tax legal framework for cryptocurrencies, and officials have stated that it is difficult to accurately estimate the size of the country's cryptocurrency market due to the fact that the vast majority of investors use foreign platforms. The government has not yet made specific predictions regarding the fiscal revenue from the new tax.

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