Crypto: Greece adopts a 10% tax on capital gains from 2027

Ten percent on crypto capital gains. The Greek Parliament adopted, on November 5, a tax framework applicable from January 1, 2027. The annual gains of individuals will be taxed at 10% when their net amount exceeds 500 euros. Income from staking, lending and certain decentralized finance activities will be subject to a rate of 15%. A procedure will also make it possible to declare past winnings without penalties, under conditions.

Key Points

Greece is adopting a 10% tax on crypto capital gains from January 2027, applicable to all annual net gains when they exceed 500 euros.

Income from staking, lending and providing liquidity will be taxed at 15%.

Investors will have twelve months to declare their past gains without penalties, under conditions, but will have to pay the corresponding tax.

Crypto: A rate of 10%, with a threshold to monitor

Athens specifies the tax treatment of cryptocurrencies, until now lacking a complete framework in the country. The system distinguishes between capital gains made during sales and income obtained by putting digital assets to work.

For the former, annual net gains of up to 500 euros remain exempt. Once this threshold is exceeded, the entire gain becomes taxable at 10%, and not just the excess portion. Payments in cryptocurrencies to purchase goods or services are also subject to tax.

Staking rewards, interest from crypto lending and returns from providing liquidity are treated as interest and taxed at 15%. The system also provides for the postponement of eligible annual losses for five years, in order to deduct them from future crypto capital gains.

Exchanges between tokens require greater caution. The Ministry of Finance indicates that they do not generate taxable capital gains. But Parliament's scientific service noted that a broader formulation of the text could encompass these operations and recommend an explicit exclusion.

Twelve months to report past earnings

The reform provides a window of twelve months from the publication of the law to voluntarily declare the previous income concerned. This procedure waives fines and late payment interest under conditions, but it does not erase the tax, payable within sixty days following the declaration.

This timetable supports the strengthening of European tax transparency. DAC8 requires the collection of information on reportable transactions since January 1, 2026. The first transmissions between administrations must take place no later than September 30, 2027. They relate to the year 2026, without constituting an automatic report of the entire investor history.