The Greek government has released a new draft bill establishing a 10% capital gains tax on cryptocurrency transactions. The draft tax rules include a specific tax exemption threshold for gains of up to 500 euros, worth approximately $560 per year. The national draft regulation is being prepared for submission to the Greek parliament in November 2026, right after the government completes a full round of public consultations with citizens and industry stakeholders.
Far Below Rates in Germany and France
The 10% rate places Greece among the countries with the lowest crypto tax rates across the European Union. Athens’ decision positions the country well below other major EU economies. Germany, France, and Italy are currently known to have implemented or are planning crypto capital gains taxes pegged above 25%.
The 10% figure cuts the rate previously considered by the government itself. In June 2026, the Greek Ministry of Finance proposed a draft tax levy of 15% on digital asset transactions, while keeping the same exemption threshold. The shift from the initial proposal to the final draft highlights a definitive adjustment before the legal measure moves to parliamentary hearings.
Identity Reporting and Revenue Projection Hurdles
The drafting of national regulations in Greece runs in parallel with the implementation of the European Union’s DAC8 directive. The bloc-wide rule mandates all crypto service providers, including exchanges and wallet operators, to start collecting full identity details and daily transaction histories from their investors beginning in 2026. All financial movement records gathered throughout the year will be submitted to respective national tax authorities in 2027.
Although the tax framework has been drafted with concrete figures, Greek authorities acknowledge they have not yet set revenue targets or projections for the state treasury. This is because most local investors still prefer foreign crypto exchanges for trading rather than domestic services. Heavy reliance on offshore platforms makes it difficult for the government to map the total trading activity of its citizens, at least until the DAC8 reporting network begins sharing transaction data with Greek tax authorities.
Reported by CoinDesk.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
