Greece to tax gains from crypto, sources say

Greece is moving to tax profits from cryptocurrency trading, with the government preparing legislation to impose a 15% capital gains tax on digital assets. Two government officials familiar with the matter confirmed the plan to Reuters, indicating that the Finance Ministry is drafting a law expected to be submitted to parliament in the coming months.

This move comes as Greece currently lacks a comprehensive legal framework for taxing cryptocurrencies, a situation mirrored across many European Union countries which lack a unified approach to the sector. The aim, according to a senior government official, is to "include cryptocurrencies in the country's tax code."

The proposed tax structure includes a tax-free threshold, with the first 500 euros ($580) of gains remaining untaxed. However, the tax will apply to cryptocurrency mining activities if conducted by a registered corporation, while individual mining operations will be exempt. The specifics of the Greek cryptocurrency market remain difficult to estimate, as a significant portion of investors reportedly use platforms based outside the country. Consequently, there are no immediate projections for the state's revenue from this new tax.

“

The aim is to include cryptocurrencies in the country's tax code.