Greece proposes a new capital gains tax framework for cryptocurrencies
- A draft bill proposes a 10% capital gains tax on cryptocurrencies.
- An exemption is included for annual gains of up to 500 euros (approximately $559.95).
- The proposal allows voluntary declaration of previously realized crypto gains without penalties.
- Crypto-to-crypto swaps would be exempt from capital gains tax under the new rules.
- Public consultation on the draft will close on October 22, with a parliamentary vote expected in the first week of November.
This initiative aims to address gaps in Greece’s cryptocurrency taxation framework, aligning it with regulations seen in other European countries like Austria and France, which have established higher tax rates on crypto gains.
The proposed 10% capital gains tax reflects an effort to regulate the growing cryptocurrency market while providing exemptions for smaller investors, potentially impacting many users in Greece. (Source)
