Greece's parliament has approved legislation imposing a 10% tax on cryptocurrency gains, introducing a dedicated fiscal framework for digital assets as the country prepares to bring the levy into force at the start of 2027. Investors whose annual net gains remain below a 500-euro threshold will be exempt from the tax.

The Hellenic Parliament, Greece's national legislature, passed the tax measures on Thursday as part of a broader bill that also includes provisions on loan oversight, debt protections and financial market regulation. Under the new rules, profits from the sale of crypto assets are taxed at 10%, with the framework scheduled to take effect on Jan. 1, 2027.

The fiscal framework adds a national tax layer to Greece's crypto landscape, which is already operating under the European Union's Markets in Crypto-Assets (MiCA) regime — the country has recorded its first MiCA entrants, according to a related Cointelegraph report. In practice, the law's transaction-level distinctions mean that depending on whether a holder sells, spends, swaps or lends a token, the same asset can fall under different rates or none at all.

Exemption for smaller investors

According to local financial publication Oikonomikos Tachydromos, which reported the details of the legislation on Friday, the 10% levy applies to profits from crypto asset sales, while investors whose annual net gains do not exceed 500 euros ($560) are exempt.

Staking and lending income taxed at 15%

Beyond the levy on disposal proceeds, the law imposes a 15% tax on income generated from staking, crypto lending and providing liquidity to decentralized protocols. According to the report, using cryptocurrency to purchase goods or services may also trigger capital gains tax. Swapping one crypto asset for another, by contrast, does not generate taxable gains.

12-month voluntary disclosure window

Greece's Ministry of National Economy and Finance first proposed the tax in October, ahead of Thursday's parliamentary vote. The approved legislation gives investors a 12-month window to voluntarily declare previously unreported crypto gains. Those who make use of the disclosure window must pay the resulting tax within 60 days of filing in order to avoid penalties and interest. With enforcement set for Jan. 1, 2027, the interval between Thursday's approval and the framework's start gives investors a transition period in which to bring their tax reporting into line with the new rules.

Related: Greece gets first MiCA entrants as watchdog denies Binance-Lagarde claim

Source: Cointelegraph