Greece Prepares Bill to Impose 15% Crypto Capital Gains Tax With €500 Exemption

Greece’s Finance Ministry is preparing legislation to levy a 15% capital gains tax on cryptocurrency, with the first €500 of gains per taxpayer exempt, according to two Greek government officials familiar with the matter. According to Foresight News, the bill is expected to be submitted to parliament for consideration in the coming months. Under the plan, individual cryptocurrency mining would not be taxed, while mining companies registered as businesses would be subject to taxation. The officials said Greece currently lacks a comprehensive tax framework for cryptocurrencies. They added that tax rates across European Union countries vary widely, ranging from 8% in Cyprus to 30% in France. The officials also said it is difficult to estimate the size of Greece’s crypto market because most Greek investors use overseas platforms, and there is no forecast yet for potential tax revenue.