Greece Approves 10% Tax on Crypto Gains and 15% Levy on DeFi Income

Investors will have 12 months to declare past crypto gains without late-filing penalties, though questions remain over crypto-to-crypto swaps.

In a landmark legislative move, the Greek parliament has officially approved a new tax framework targeting digital assets. Under the newly passed legislation, individual investors will face a 10% tax on capital gains derived from cryptocurrency trading, while earnings generated through Decentralized Finance (DeFi) platforms will be subjected to a 15% levy. This policy aims to bring clarity to a rapidly growing market that was previously operating in a regulatory blind spot within the country.

To ease the transition into full compliance, the government has introduced a generous grace period. Investors will have 12 months to declare past crypto gains without late-filing penalties, though questions remain over crypto-to-crypto swaps. Tax advisors suggest that this window will encourage thousands of local retail traders to legitimize their holdings without fear of aggressive audits or backdated financial surcharges.

Despite the overall positive reception regarding lower tax rates compared to conventional financial instruments, industry experts point out operational hurdles. Tax authorities are expected to publish secondary regulations in the coming months to clarify cost-basis accounting methods and reporting tools needed for local taxpayers.

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