Greece Proposes 15% Capital Gains Tax on Cryptocurrency

June 5 — Reuters: Two well-placed Greek government officials tell the outlet that Greece’s Ministry of Finance is drafting legislation to impose a 15% capital gains tax on cryptocurrency, with the bill on track to be sent to parliament for approval in the coming months. Under the plan, up to €500 in gains per individual taxpayer will be tax-free. Personal mining operations will not be taxed, but mining companies registered as formal businesses will face the levy. Currently, Greece lacks a comprehensive tax structure for cryptocurrencies, and tax rates across EU nations vary dramatically — from 8% in Cyprus to 30% in France. Officials add that since most Greek crypto investors use overseas platforms, it’s hard to gauge the size of the country’s domestic crypto market, and no specific tax revenue projections have been released.