Greece has ready plans for a 15% cryptocurrency capital positive factors tax as officers transfer to carry digital property into the nation’s tax system.
Abstract
- Greece is getting ready laws to impose a 15% capital positive factors tax on cryptocurrency income, with the primary €500 in positive factors exempt.
- Officers revealed the proposal would formally carry crypto property into Greece’s tax code, with a invoice anticipated to succeed in parliament within the coming months.
- The transfer comes as different jurisdictions, together with Israel and Illinois, pursue totally different methods to extend crypto tax compliance and income assortment.
In response to a report, Greece’s Finance Ministry is drafting laws that will impose a 15% tax on income from cryptocurrency investments, filling a niche in a tax framework that at the moment lacks devoted guidelines for digital property.
Two authorities officers aware of the matter disclosed that the proposal is anticipated to succeed in parliament within the coming months. One senior official mentioned the laws would formally incorporate cryptocurrencies into Greece’s tax code, making a clearer algorithm for buyers and tax authorities.
Beneath the proposal, the primary €500 ($580) in crypto positive factors can be exempt from taxation. A second official mentioned that the measure would apply to capital positive factors from cryptocurrency investments however wouldn’t cowl people mining digital property.
Mining actions performed by way of registered firms, nonetheless, would stay topic to taxation.
The transfer locations Greece amongst a rising variety of jurisdictions searching for to seize income from digital asset exercise. Crypto taxation throughout Europe varies considerably, starting from about 8% in Cyprus to as a lot as 30% in France, with most international locations taxing capital positive factors reasonably than particular person transactions.
Governments are increasing crypto tax oversight
Alongside Greece’s proposal, authorities in a number of international locations have not too long ago intensified efforts to enhance crypto tax compliance.
Earlier this week, crypto.information reported that the Israel Tax Authority obtained far fewer disclosures than anticipated below a voluntary crypto tax reporting program launched in August 2025. As per the report, the authority had hoped to recuperate as much as $1 billion in tax income from undeclared cryptocurrency income however has to date obtained disclosures protecting solely about $50 million in crypto property.
58 taxpayers had used this system, which permits eligible crypto holders to keep away from legal prosecution in the event that they right previous filings and pay excellent taxes. Taxpayers should full disclosures and settle liabilities earlier than Aug. 31, 2026, whereas eligibility is proscribed to buyers whose crypto holdings didn’t exceed roughly $522,000 as of December 2024.
Again in Greece, officers mentioned that estimating the dimensions of the home crypto market stays tough as a result of many buyers use buying and selling platforms positioned exterior the nation. Consequently, authorities haven’t but produced income forecasts tied to the proposed tax.
Transaction taxes are additionally gaining consideration
Elsewhere, lawmakers in Illinois have superior a distinct method to taxing digital property.
In response to a fiscal 12 months 2027 price range invoice authorised by the Illinois Basic Meeting, the state plans to introduce a 0.2% tax on cryptocurrency transactions facilitated by digital asset brokers. State price range paperwork estimate the measure might generate roughly $60 million in income yearly.
Crypto.information beforehand reported that the proposal, referred to as the Digital Asset Privilege Tax Act, would require digital asset brokers to register with the state earlier than conducting lined transactions.
The laws additionally contains legal penalties for non-compliance, with unregistered operations doubtlessly going through Class 3 felony expenses after Jan. 1.
Business opposition has already emerged. In a joint letter, the Digital Chamber and the Illinois Blockchain Affiliation argued that the proposal might injury the state’s digital asset sector and famous that no different U.S. state at the moment imposes a comparable crypto transaction tax.
Towards that backdrop, Greece’s proposal provides one other instance of governments searching for formal mechanisms to tax cryptocurrency exercise, whilst officers proceed to grapple with the challenges of monitoring income generated throughout world buying and selling platforms.
