Navigating Greece's New 10% Crypto Tax and 15% DeFi Income Levy

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

The legal status of cryptocurrency taxation in Greece has finally been codified, bringing end to years of uncertainty for local investors. The newly enacted law taxes direct profits from cryptocurrency sales at a rate of 10%. Meanwhile, decentralized finance activities, which often involve complex yield mechanisms and interest-bearing protocols, are categorized under a separate income tier taxed at 15%.

One of the most significant aspects of the new policy is the compliance window provided by the tax authority. Investors will have 12 months to declare past crypto gains without late-filing penalties, though questions remain over crypto-to-crypto swaps. This amnesty-style provision is designed to clear historical tax ambiguities while expanding the country's revenue base.

While the 15% levy on DeFi income brings structural order, it also presents challenges regarding execution. Tracking yield distributions, auto-compounding rewards, and token rewards across non-custodial wallets requires sophisticated software tools, which the tax authority is currently working to integrate into its digital infrastructure.

This article does not constitute investment advice. The content provided here is solely for informational purposes and reflects the results generated by TradeitKN's AI analysis system. Before making any financial decisions, you should conduct your own research or consult with a licensed financial advisor.