Greece Passes Crypto Tax Law With 10% Gains Levy, 15% on Staking and DeFi

Greece has approved a crypto tax framework with a €500 ($557) annual gains threshold and new rules for staking and DeFi income, but lawmakers left important questions about token swaps unresolved.

The top 3

  1. Tax Framework for Gains and Yield: The legislation establishes two primary tax tiers for crypto assets: a 10% capital gains tax on profits and a 15% tax on passive income from decentralized protocols. The gains tax applies to the total profit if annual net gains surpass the €500 threshold.
  2. Unresolved Ambiguities: Token Swaps and Valuation: While the government intends for crypto-to-crypto swaps to be tax-exempt, parliamentary reviews have flagged that the current bill's language concerning disposals made 'for consideration' could inadvertently tax these transactions. Furthermore, investors are responsible for maintaining precise records of acquisition costs and disposal values to calculate these liabilities.

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