Greece introduces cryptocurrency tax framework: capital gains tax 10%, staking and DeFi income tax rate 15%

The Greek Parliament has passed a cryptocurrency tax framework, which will impose a 10% tax on annual net cryptocurrency gains exceeding 500 euros starting from January 1, 2027; staking, crypto lending, and DeFi income will be taxed at a rate of 15%. Cryptocurrency losses exceeding 500 euros can be carried forward to offset gains for the next five years.

The new regulations clarify the tax treatment of cryptocurrency inheritance, gifts, and transfers from parents, with valuations based on prices from recognized trading platforms. Contributing cryptocurrency to company capital is considered a taxable transfer, and the sale of cryptocurrency is exempt from the Greek digital transaction tax; if related income is paid in cryptocurrency, the taxable value is determined by the euro price of the asset at the time of the transaction.

Investors can voluntarily declare unreported cryptocurrency gains and qualifying income within 12 months before and after the new regulations take effect, and paying taxes within 60 days after declaration can exempt them from late fees and interest. Whether cryptocurrency swaps trigger capital gains tax remains to be clarified, and the Greek Ministry of Finance will issue implementation details.