Greece’s Ministry of National Economy and Finance has proposed taxing individuals’ gains from transferring crypto-assets at 10%, with a €500 annual exemption and no taxable gain on swaps of one crypto-asset for another. As of early October 2026, this is a draft bill in public consultation, not enacted law. Consultation was scheduled to close at 10:00 a.m. on 22 October 2026.
What the Ministry announced
On 7 October 2026 the Ministry published an announcement describing a draft bill that covers private debt, loan servicers, and financial markets, with crypto-asset taxation as one of its main tax measures. The Ministry’s announcement is the primary source for every provision described below. It is a press statement, not the text of the bill, so the wording of the final law may differ.
The key sentence, in Greek, reads:
«Η υπεραξία των φυσικών προσώπων από τη μεταβίβαση κρυπτοστοιχείων θα φορολογείται με συντελεστή 10%.»
Translation for comprehension: “The capital gain of individuals from the transfer of crypto-assets will be taxed at a rate of 10%.”
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How the 10% is calculated
The rate applies to the gain, not to the sale price. The Ministry describes the general calculation as the transfer price minus the acquisition price. Two practical consequences follow from that description:
- Cost basis matters as much as the sale. A disposal at a loss, or at a price equal to what you paid, produces no gain under this method.
- Records are part of the rule. The Ministry says the bill would include rules to document transactions, and it describes an average acquisition price method for assets bought in successive purchases.
The announcement does not set out a full list of allowable costs such as fees, how to choose which units are sold when you hold several purchase lots beyond the average method, or how losses are offset against gains. Until the bill is final, those points should be treated as open.
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The €500 annual exemption
The Ministry says gains up to €500 per tax year would not be taxed. The announcement does not say whether this threshold is applied to net gains across all of a person’s crypto disposals or to each transaction separately, so it would be a mistake to assume either reading until the statute is published.
Three separate categories of crypto activity
The proposal treats three kinds of activity differently. The table below compares the trigger, the described treatment, and what is still unspecified.
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| Activity | Taxable trigger under the proposal | Described treatment | Still unspecified |
|---|---|---|---|
| Disposal of crypto-assets (sale or transfer) | Transfer of crypto-assets by an individual | 10% on the gain (transfer price minus acquisition price), subject to the €500 per tax year threshold | Allowable costs, lot selection beyond the average method, loss offsets, precise asset definition |
| Swap of one crypto-asset for another | Exchange of one crypto-asset for another | No taxable gain under the proposal | Technical examples; treatment of every type of token exchange |
| Lending, liquidity provision, and staking in transaction-validation mechanisms | Returns from those named activities | Taxed as interest at 10% | Full statutory definitions; whether other rewards or yield arrangements fall within the same rule |
Crypto-to-crypto swaps
The Ministry says exchanging one crypto-asset for another would not create taxable gain under the proposal. Because the taxable trigger described is a transfer, the practical question for most people is whether a disposal for euros or another external payment occurs. The announcement gives no worked examples, so edge cases such as multi-step trades should wait for the final text or official guidance.
Lending, liquidity provision, and staking
Returns from crypto lending, liquidity provision, and staking in transaction-validation mechanisms would be taxed as interest at 10%. The Ministry names these activities specifically. It does not say that every reward, airdrop, incentive, or yield product would be treated the same way, and the examples in the announcement are not a substitute for the final definitions.
Other rules in the announcement
- Crypto received as pay or an in-kind benefit. Crypto-assets provided as an in-kind benefit to employees, partners, or shareholders would be valued in euros at the time of acquisition.
- Acquisition costs in presumed-income tests. The Ministry says purchases of crypto-assets would count among asset-acquisition expenses for the relevant presumed-income tests.
- Inheritance, donation, and parental gifts. For these taxes, crypto-assets would be treated as intangible movable property situated abroad, valued in euros at the value on the day before the tax obligation arises.
- Digital Transaction Levy. The Ministry says no Digital Transaction Levy would apply to sales of crypto-assets.
Declaring gains from earlier transfers
The proposal includes a voluntary route for declaring gains from transfers made before the law takes effect. According to the announcement, the declaration would be due within 12 months after the law is published, and no fines or interest would apply. The announcement says the declaration is subject to conditions but does not list them.
Because the window runs from publication, it has no calendar end date yet. Anyone considering this route should wait for the enacted text to confirm eligibility, the form of declaration, and any documentation required.
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| Date | Step | Status |
|---|---|---|
| 7 October 2026 | Ministry announces the draft bill and its crypto provisions | Completed |
| 10:00 a.m., 22 October 2026 | Public consultation closes | Scheduled |
| First week of November 2026 | Government’s target for introducing the bill in Parliament and passing it | Target only; passage is not guaranteed |
| 12 months after publication of the law | Window for voluntary declaration of earlier gains | Depends on publication date; not stated yet |
The final effective date for the 10% tax is not established in the announcement.
What is still unresolved
- The final effective date and whether the rules apply to transfers made before commencement beyond the voluntary declaration route.
- The complete definition and scope of crypto-assets and of a “transfer.”
- Allowable expenses, loss treatment, and lot-selection rules beyond the average acquisition price method.
- Detailed recordkeeping requirements and the conditions for voluntary declaration.
- Whether the €500 threshold is applied to net annual gains or per transaction.
What to do while the bill is in consultation
Nothing in the proposal requires action yet, but the calculation method rewards good records. Practical steps that fit the described rules:
- Export a full transaction history from each exchange or wallet you use, including dates, asset names, and amounts.
- For each purchase, record the euro value at acquisition, so you can calculate an average acquisition price if you bought the same asset several times.
- For each sale or external transfer, record the euro value at the time of transfer, and note any crypto-to-crypto swaps separately.
- Log staking, lending, and liquidity rewards separately from disposals, with the date and euro value of each reward.
- Once the final bill is published, check its definitions and commencement provisions against your records, and consult a Greek tax adviser for case-specific treatment.
Those records will matter under the proposal whatever the final thresholds turn out to be.
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