Greece imposes 10% tax on crypto gains, first €500 tax-free

Greece finally has a crypto tax rulebook. On November 5, 2026, the Greek parliament approved a bill that applies a flat 10% capital gains tax to individuals’ net crypto gains.

There is a small cushion built in. The first €500 of net annual gains, after losses are counted, will not be taxed at all.

That makes this the country’s first tax framework written specifically for crypto assets.

What the new Greek crypto tax actually covers

The 10% levy applies to net gains from crypto “transfers,” a term the law defines broadly. It includes selling crypto for fiat money, using it to buy goods or services, and contributing it to a company’s capital.

One notable carve-out: swapping one crypto for another does not trigger capital gains tax. Trading Bitcoin for another token, for example, is not treated as a taxable event under the new rules.

Yield-generating activity gets its own treatment. Income from staking, lending, and liquidity provision will be classified as interest and taxed at 10%.

Losses also get a role. Under the framework, losses exceeding €500 can be carried forward for up to 5 years to offset future gains.

A rate that came down before it went through

The final 10% figure was not the government’s opening offer. An earlier proposal put the rate at 15%.

The number dropped after public consultation sessions held between October 7 and October 22, 2026.

The law also offers a way to clean up the past. Individuals get a 12-month voluntary disclosure window to report gains they never declared. Declare previously unreported gains during that window, pay any taxes owed on time, and no penalties apply.

Why this matters for Greek investors and the EU picture

The biggest shift is clarity. Before this bill, Greece had no dedicated crypto tax regime, which left investors to interpret older rules that were not written with digital assets in mind.

The €500 exemption mostly helps smaller retail investors. Someone dabbling with modest sums may end the year owing nothing, which also spares the tax authority from processing a flood of tiny claims.

Across the European Union, member states still tax crypto at varied rates. Greece’s flat 10% now places it among the jurisdictions offering a comparatively modest rate.

The 12-month disclosure clock is also worth noting for anyone with undeclared history. Once it closes, the penalty-free option goes with it.