The Greek Ministry of Finance has released a comprehensive draft legislative framework for the taxation of cryptocurrencies and digital assets for public consultation, marking a significant step toward regulatory clarity for the crypto sector. The proposed framework, published on October 8, 2026, aims to align Greek tax law with the EU’s Markets in Crypto-Assets Regulation (MiCA) and the OECD’s Crypto-Asset Reporting Framework (CARF). The draft legislation introduces a distinct tax regime for crypto-assets, classifying them as “other income” under Article 50 of the Income Tax Code (KFE) for individuals, subject to a flat 15% tax rate on net gains realized from disposal. For legal entities, crypto gains will be taxed under the standard corporate income tax rate of 22%. The framework defines taxable events as: (a) conversion of crypto-assets to fiat currency; (b) exchange of one crypto-asset for another; (c) use of crypto-assets to purchase goods or services; and (d) receipt of crypto-assets from mining, staking, airdrops, or as employment income. Cost basis determination follows the FIFO (First-In-First-Out) method unless the taxpayer elects specific identification, which must be applied consistently. The draft provides for an annual exemption threshold of €1,000 for individuals’ net gains, below which no tax is due. Losses can be carried forward indefinitely to offset future crypto gains but cannot offset other income categories. Crypto-asset service providers (CASPs) licensed under MiCA will face enhanced reporting obligations, including automatic exchange of information with tax authorities under the EU’s DAC8 directive. The consultation period runs until November 7, 2026, after which the Ministry aims to enact the legislation by year-end for application from January 1, 2027. Stakeholders are invited to submit written comments via the Ministry’s consultation portal.
Key Takeaways
- Flat 15% Tax on Individual Crypto Gains: Net gains from disposal of crypto-assets by individuals will be taxed at a flat 15% rate under a new “other income” category, with a €1,000 annual exemption threshold. Cost basis uses FIFO method unless specific identification is elected consistently.
- Corporate Crypto Taxation at 22%: Legal entities will pay the standard 22% corporate income tax on crypto gains, with losses deductible against business income. Mining and staking rewards constitute taxable income at fair market value upon receipt.
- CASP Reporting Obligations: Licensed crypto-asset service providers must implement DAC8-compliant reporting, transmitting transaction data of Greek residents to AADE annually. Non-compliance triggers penalties up to 5% of annual turnover.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement