Greece approves 10% crypto gains tax with €500 annual exemption

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. 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.

Also reported by Crypto Briefing.

Source: crypto.news