The Greek parliament has approved a comprehensive tax regime for digital assets, which will take effect on January 1, 2027. The legislation establishes one of the most structured fiscal frameworks for the crypto industry in the European Union, separating taxation by transaction types.
Key Taxation Parameters
According to the adopted law, profits from the sale of digital assets will be taxed at a rate of 10%. A separate rate of 15% is set for income from staking, crypto lending, and liquidity provision — that is, for active participation in DeFi protocols. This distinction reflects the regulator's understanding that passive holding and income generation through smart contracts require different fiscal approaches.
A tax-free threshold is provided: annual profits up to €500 are not taxed. However, if this threshold is exceeded, the entire profit amount is taxed, not just the excess. Losses exceeding €500 may be carried forward for five years, which eases the tax burden for investors working with volatile assets.
Amnesty for Previously Undeclared Income
Investors are granted a 12-month period for voluntary declaration of previous income from cryptocurrencies. If the established conditions are met, no fines or interest will be applied. This creates a window of opportunity for legalizing assets without financial sanctions — an approach that encourages investors to emerge from the "grey zone" and increases the tax base.
Greece joins a growing number of EU jurisdictions introducing specialized crypto taxes amid regulatory harmonization under MiCA. Separate rates for trading and DeFi income set a benchmark for other countries developing their own fiscal models.
Cryptalist Analysis: The introduction of moderate rates (10% and 15%) with a tax-free threshold and five-year loss carryforward makes Greece a relatively friendly jurisdiction for retail crypto investors against the backdrop of stricter regimes in other EU countries. However, taxing the entire amount when the €500 threshold is exceeded creates a "tax cliff" effect that may incentivize the splitting of transactions. For institutional participants and DeFi liquidity providers, the 15% rate remains competitive, which facilitates market legalization and capital inflow into the regulated segment.