Reuters: Greece Plans to Impose 15% Capital Gains Tax on Cryptocurrency

Foresight News reports, citing Reuters, that two informed Greek government officials have revealed the Ministry of Finance is preparing legislation to impose a 15% capital gains tax on cryptocurrencies, which is expected to be submitted to parliament for review in the coming months. According to the plan, each taxpayer’s first 500 euros of gains will be tax-exempt; individual mining activities will not be taxed, but mining companies registered as enterprises will be subject to taxation. Currently, Greece lacks a comprehensive tax framework for cryptocurrencies, and the tax rates across EU countries vary widely, ranging from 8% in Cyprus to 30% in France. Officials stated that since most Greek investors use overseas platforms, it is presently difficult to estimate the size of the country's crypto market, and no specific tax revenue forecast is yet available.