Greece’s parliament approved a 10% tax on cryptocurrency gains on Nov. 5, establishing the country’s first comprehensive crypto tax framework while exempting annual gains of up to €500.
Summary
- Parliament approved a 10% capital gains tax, below the 15% rate initially discussed in June.
- Annual cryptocurrency gains of up to €500, approximately $563, will be exempt from the tax.
- The ministry’s consultation framework excluded crypto swaps and provided a window to declare past gains.
- Implementation guidance covering transparency and audit rules is expected in the coming weeks.
According to Reuters, the legislation brings dedicated cryptocurrency tax rules…
