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Greece plans 10% capital gains tax on cryptocurrencies

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 77 Views

Greece plans 10% capital gains tax on cryptocurrencies

Greece’s draft bill proposes a 10% tax on crypto capital gains, with exemptions for annual gains of up to 500 euros and crypto-to-crypto swaps.

Greece’s Ministry of National Economy and Finance published a draft bill on Wednesday proposing a 10% tax on individuals’ crypto capital gains, with an exemption for annual gains of up to 500 euros ($559.95).

The proposal would allow voluntary declaration of previously realized crypto gains without penalties, within 12 months of the law’s publication. It would exempt crypto-to-crypto swaps from capital gains tax and introduce a flat 10% tax on returns from staking, lending or liquidity provision.

The draft bill would fill a legislative gap in Greece’s treatment of crypto taxation, according to the ministry.

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