Greece, 15% tax on cryptocurrency profits? - The goal is to include them in the country's tax code
Greece is preparing legislation to impose a 15% capital gains tax on cryptocurrencies, two government officials with knowledge of the matter told Reuters. Greece does not have a comprehensive legal framework for taxing cryptocurrencies, and European Union countries do not have a unified tax system for the sector.
A senior government official told Reuters that the Finance Ministry is preparing a law that is expected to be presented to parliament in the coming months. “The aim is to include cryptocurrencies in the country’s tax code,” the official said.
Cryptocurrency taxation among European countries ranges from 8% in Cyprus to 30% in France and is usually imposed on capital gains.
A second official confirmed the government's plan, adding that the first 500 euros of profits will be tax-free. The tax will not apply to individual cryptocurrency miners, but will apply if the entity mining is registered as a corporation.
Both officials said it is very difficult to estimate the size of the cryptocurrency market in Greece, as the vast majority of investors use platforms outside the country. There is currently no specific forecast for state revenue from the new tax.
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