The Greek government is gearing up to introduce a taxation framework for cryptocurrencies and digital assets, currently unrecognized and untaxed.
According to reports from local sources, Greece is preparing to implement a tax regime for cryptocurrencies and digital assets, which have so far operated outside of official recognition.
Ekathimerini reported on July 15 that a special committee is set to deliver its recommendations to the Ministry of National Economy and Finance by September. By January 2025, cryptocurrencies are expected to be subject to taxation, aiming to treat profits from crypto and digital asset transactions akin to capital gains from securities, taxed at a rate of 15%.
Implementing Crypto Taxation
The forthcoming framework will address several critical aspects: defining and cataloging all cryptocurrencies, establishing taxation methodologies, and implementing effective monitoring processes.
Ekathimerini noted that the current lack of legislation has allowed profits from crypto investments to go largely untaxed, describing this as exploitation by investors, with few declaring gains from such transactions. The report highlighted that these investors are typically individuals without regular employment income but with significant holdings in real estate.
Increasing Crypto Activity
Accountants and tax experts in Greece have observed a surge in crypto engagement, particularly among individuals in their 30s.
Summary Review: The introduction of crypto taxation from 2025 marks a significant shift in Greece’s approach to digital assets, aiming to bring clarity and regulation to a burgeoning sector that has operated in a regulatory gray area until now.
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