The Greek government is preparing legislation to impose a 15% capital gains tax on cryptocurrencies, two government officials told Reuters.
To date, Greece has no legal framework for taxing cryptocurrencies, and the European Union does not have a unified system for taxing cryptocurrencies.
A high-ranking government official told Reuters that the Ministry of Finance is preparing relevant legislation, which is expected to be submitted to Parliament in the coming months.
“The goal is to include cryptocurrencies in the country’s tax code,” the source noted.
Taxation of cryptocurrencies in the EU ranges from 8% in Cyprus to 30% in France and is typically levied on capital gains.
A second official confirmed the government’s plan, adding that the first €500 in profits would be tax-free.
Both officials emphasized that it is very difficult to estimate the size of the cryptocurrency market in Greece.