CoinDesk
Greece's parliament has approved a 10% tax on individual annual net crypto gains above €500 and a separate 15% levy on staking, lending and decentralized finance income. The rules take effect on Jan. 1, 2027. Once the €500 threshold is crossed, the full gain is taxable.
Why it matters
The framework brings crypto investment into Greece's tax system and covers gains when investors use crypto to buy goods or services, as well as when they sell for cash. Returns from staking, crypto lending and providing liquidity to DeFi platforms will be treated as interest income and taxed at 15%, the Finance Ministry said.
Investors whose annual crypto losses exceed €500 can carry qualifying losses forward for five years to offset future crypto gains. A 12-month window also allows past gains to be declared without late-filing fines or interest, subject to conditions. Tax must be paid within 60 days of declaration.
Market impact
The distinction between capital gains and yield income creates separate tax rates for investors who trade crypto and those who earn returns through staking or DeFi. The full-gain rule also makes the €500 threshold significant for individual taxpayers.
One issue remains disputed: the Finance Ministry says crypto-to-crypto swaps will not trigger tax, while parliament's Scientific Service warned that the bill's wording could cover those trades.
Frequently asked questions
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When do Greece's new crypto tax rules take effect?
The rules take effect on Jan. 1, 2027.
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Is only the amount above €500 subject to capital gains tax?
No. Once an individual's annual net crypto gains exceed €500, the full gain is taxable at 10%.
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How will Greece tax staking and DeFi returns?
Returns from staking, crypto lending and providing liquidity to DeFi platforms will be treated as interest income and taxed at 15%.
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Can investors offset future crypto gains with losses?
Qualifying annual crypto losses exceeding €500 can be carried forward for five years to offset future crypto gains.
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Will crypto-to-crypto swaps trigger tax in Greece?
The Finance Ministry says swaps will not trigger tax, but parliament's Scientific Service warned that the bill's wording could cover those trades.
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