Greece passes bill setting 10% crypto gains tax

Greece's Parliament passed a bill on 5 November 2026 that sets a 10% tax on individuals' gains from cryptoasset disposals, with an exemption where annual net gains do not exceed €500. The measures also distinguish disposal gains from income earned through lending and transaction-validation activities.

The official parliamentary record confirms passage, but warns that the uploaded copy is subject to spelling and drafting corrections. Dalimss News has not independently verified publication in the Government Gazette as of 7 November. Parliamentary approval therefore does not, by itself, establish that the new tax provisions have commenced.

Which transactions the bill covers

Article 48 inserts a dedicated cryptoasset-transfer provision into Greece's Income Tax Code. It covers exchanges of cryptoassets for money and their use to purchase goods or services. Contributing cryptoassets towards a company's capital is also included. Article 50 specifies the 10% rate for gains falling under that new provision.

The passed parliamentary copy contains a handwritten addition expressly excluding the exchange of one cryptoasset for another from the definition of a transfer for these purposes. That exclusion concerns the exchange itself. It does not remove a subsequent sale for money from the transactions covered by the provision.

The distinction had drawn scrutiny from Parliament's Scientific Service. Its report on the bill warned that the broader disposal wording could include crypto-to-crypto exchanges and recommended an explicit exception. The handwritten exclusion in the passed copy addresses that drafting issue.

The €500 exemption is tied to total net gains for a tax year, after the loss offsets provided by the bill. It is not expressed as a separate exemption for every trade. The text says gains are exempt where that annual net amount does not exceed €500.

A separate loss provision allows an annual loss exceeding €500 to be carried forward for the next five years. Those losses can be set against future gains from cryptoasset transfers under the same provision. The wording does not create an unrestricted offset against other categories of income.

Records determine the gain

The calculation uses the difference between acquisition and disposal prices, including expenses directly connected with those transactions. Transaction documents from a service provider or another intermediary can establish the amounts. The bill also recognises evidence obtained directly from the distributed ledger.

Where assets have been acquired in successive purchases, the acquisition price is an average derived from their total acquisition value and quantity. If the acquisition price cannot be established, the text treats it as zero. For purchases of goods or services using cryptoassets, the disposal value is their euro value at the transaction date.

Separate acquisition-value rules address assets received through inheritance or gifts. For assets earned through the activities classified as interest, the acquisition value is the amount on which interest tax was calculated. These provisions connect the earlier receipt of an asset with the calculation when it is later disposed of.

Lending income and earlier transactions

Article 47 extends the definition of interest to income from crypto lending and participation in liquidity or yield mechanisms in decentralised protocols. It also covers income from committing cryptoassets to mechanisms that validate transactions, commonly called staking. Interest paid in cryptoassets is valued at the time of the transaction.

This is a separate income classification from the 10% disposal-gains provision. The passed text also creates a voluntary declaration route for individuals with earlier disposal gains or income from the specified lending and validation activities. It allows declarations within 12 months of commencement, with payment due within 60 days of filing.

For inheritance and gift taxation, the bill treats cryptoassets as intangible movable property located abroad. Their value is based on the euro price on recognised trading platforms on the day before the tax liability arises. The commencement provision applies these inheritance and gift measures to liabilities arising from 1 January 2027.

The general commencement clause ties the legislation to Gazette publication unless a provision specifies otherwise. The bill also assigns documentation and verification arrangements to a decision by the head of the tax authority, following opinions from the capital markets regulator and the Bank of Greece. Those arrangements include how long relevant information must be retained.