Greece Proposes First Crypto Tax With 10% Levy on Annual Profits Above €500

Greece proposes a 10% tax on cryptocurrency profits above €500 per year.

Greece has proposed its first tax specifically targeting cryptocurrency profits, with a 10% levy on annual gains exceeding €500, according to Coin Bureau.

Greece Moves Toward Crypto Profit Tax

The proposal would introduce a 10% tax on cryptocurrency profits above €500 per year, marking what Coin Bureau described as Greece’s first crypto tax.

The reported threshold means that annual crypto profits up to €500 would remain below the proposed tax level, while profits exceeding €500 would be subject to the 10% charge under the proposal.

Proposal Targets Crypto Profits

The measure specifically focuses on profits generated from cryptocurrency activity rather than applying a tax to crypto holdings themselves, based on the details provided by Coin Bureau. The proposal therefore places the amount of annual profit at the center of the reported tax framework.

Coin Bureau reported the development in an X post, describing the measure as a new step by Greece toward taxing cryptocurrency profits. The proposal would establish a 10% rate for profits above the €500 annual threshold.

The reported proposal represents a change in how cryptocurrency profits markets could be treated for tax purposes in Greece, with the 10% rate and €500 threshold forming the key details disclosed by Coin Bureau.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.