Greece taxes crypto profits by 10 percent from 2027

From 2027, Greece will levy a tax on profits from Bitcoin and other crypto coins. Parliament has approved a new law that requires investors to pay ten percent of their crypto profits. Income from strikes and other crypto services will also be taxed. However, there is an exemption for small profits.

The Greek parliament approved the new tax law on Thursday 5 November. From January 1, 2027, investors will pay ten percent tax on the profits they make from the sale of Bitcoin (BTC) and other crypto coins.

Investors who make a maximum of 500 euros a year do not have to pay anything. But once that limit is crossed, the entire profit is taxed.

For example, those who make a profit of 400 euros do not pay tax. With a profit of 1,000 euros, the investor must pay 100 euros.

The tax does not only apply when someone sells crypto for euros. Paying for products or services with crypto coins can also lead to a tax assessment.

A higher rate of fifteen percent applies to income from strike, the lending of crypto coins and the offering of liquidity on DeFi platforms. For example, in the event of a strike, investors receive a fee for using their crypto coins to support a blockchain network.

The new law also contains some favorable arrangements for investors.

Anyone who loses more than 500 euros annually with crypto may take that loss with them for a maximum of five years. As a result, future crypto profits can be offset against previous losses.

In addition, under certain conditions, investors are given twelve months to declare crypto profits from the past, without penalties or interest due to a late return. The tax due must then be paid within sixty days.

There is still uncertainty about exchanging crypto coins. According to the Greek Ministry of Finance, investors do not have to pay tax when, for example, they exchange Bitcoin for Ethereum (ETH).

However, Parliament's scientific advisory service warns that the wording of the law leaves room for a different interpretation. The government therefore still has to publish additional rules.

The new law gives Greece a comprehensive tax framework for crypto coins for the first time.

There is no common tax rate for crypto profits within the European Union. Countries are therefore allowed to determine how much tax investors pay.

According to the Reuters news agency, tariffs in European countries vary from about eight to thirty percent.

How much the new tax will bring to the Greek government is still uncertain. According to the Ministry of Finance, many Greek crypto investors use foreign trading platforms, making the size of the market difficult to determine.