Greece Files Bill for 10% Crypto Capital Gains Tax With €500 Floor
By Crypto Wire
October 31, 2026
Greece’s Ministry of National Economy and Finance has put a multi-part bill in Parliament that would create the country’s first dedicated crypto-asset income-tax chapter — including a flat 10% personal tax on net capital gains from crypto transfers, a €500 annual net-gain exemption, and a separate 15% interest-style tax on staking, lending, and liquidity-provision income. Hellenic Parliament records show the package was submitted October 26, 2026, with the competent committee meeting October 29; Taxheaven and SKAI’s plain-language reads of the filed text treat the crypto block as articles 42–57, 304, and 390 of the submitted draft. That unused Plain English Policy file is the Orange County pick: a statute-shaped collector brief, not a claim the bill has already been enacted. Prefer the Parliament PDF, Taxheaven’s article-by-article walkthrough, and Nomika Epilekta’s inheritance note over social posts that call the 10% rate “law” today.
What “transfer” means in proposed Article 42Β of the Income Tax Code is the desk’s first filter for NFT and token bids. Taxable events would include exchanging crypto for fiat, spending crypto on goods or services, and contributing crypto to cover or increase company capital — while a crypto-to-crypto swap (for example bitcoin for ether) is expressly framed in the explanatory report as not a taxable transfer at the swap moment. Spending crypto is treated as a double transaction: the payer realizes gain or loss against acquisition cost at the euro value of the tokens at payment time, and that same euro value becomes the counterparty’s acquisition cost. Holding through a price rise without a transfer would not, on this draft, create the 10% gain tax by itself.
Rate, floor, and loss math. Article 50 of the bill would amend Income Tax Code Article 43 so that gains under new Article 42Β are taxed at 10%, below the general 15% capital-gains rate for other capital transfers. Net annual gains of €500 or less after loss netting would be exempt; SKAI’s explainer stresses that the €500 is a threshold, not a deductible allowance — if net gains clear €1,000, the 10% applies to the full €1,000, not to €500. Losses above €500 in a year could carry forward five years, but only against future crypto-transfer gains. Acquisition and transfer prices would come from provider documents, intermediaries, or the distributed ledger; successive purchases would use average cost; an unproven cost basis would be treated as zero. Mining tokens outside a business, per the explanatory report, would not be income at creation — tax would wait for a later disposal, typically with a zero basis if no cost can be shown.
Calendar and adjacent rails that collectors should not blur. Core Income Tax Code changes (including the 10% gain rule, presumptive-expense treatment of crypto purchases, and the interest classification for staking/LP/lending) are written to apply for tax years beginning January 1, 2027. Inheritance, gift, and parental-transfer valuation rules (articles 51–53) would also track liabilities arising from that date; Nomika Epilekta notes the bill would classify crypto for those property-tax purposes as intangible movable property abroad without, by itself, creating a tax holiday. A twelve-month voluntary-declaration window would cover pre-effective-date gains if tax is paid within 60 days of filing, without the usual penalties and interest for prior non-declaration when paid on time. Digital transaction-fee exemption for crypto sales is backdated to December 1, 2024; a stamp-duty carve-out for sales through November 30, 2024 sits on a separate start date. Capital Markets Commission supervisory measures in articles 55–56 would start on publication if enacted — still a different beat from the income-tax chapter.
What this piece will not invent: a final vote tally, an AADE circular already enforcing the 10% rate, or a claim that every NFT burn or airdrop is already mapped in the draft. Prefer the submitted Parliament text and Taxheaven’s coded tables over recycled “Greece taxes crypto at 10% now” headlines that skip the January 1, 2027 clock and the still-open parliamentary process.
What changes for bids: Greek-resident collectors pricing NFT and token exits should model a possible 10% cash-out tax from 2027 tax years, keep provider and ledger cost basis now, and watch whether the final law keeps crypto-to-crypto swaps off the transfer list — a drafting choice that would delay tax until fiat or spend, not at every hop.
Bottom line: Greece’s filed parliamentary package would tax individual crypto transfer gains at 10% from tax years starting January 1, 2027, with a €500 net-gain floor and crypto-to-crypto swaps kept off the transfer list — still a bill in committee, not enacted law.
Disclaimer: This article is provided for informational and educational purposes only. It does not constitute financial, investment, legal, or trading advice. The NFT market is highly volatile, and past performance is not indicative of future results. Readers should conduct their own research and consult qualified professionals before making any decisions related to digital assets. The cover image for this article may have been created using artificial intelligence (AI).
