Greece plans to impose a 10% capital gains tax on cryptocurrency through legislation.

On Oct. 8, according to Reuters, Greece is preparing legislation to impose a 10% capital gains tax on cryptocurrency, with the relevant draft recently released for public consultation. The draft stipulates that annual capital gains not exceeding €500 (approximately $559) will be exempt from taxation. The bill is expected to be submitted to parliament for deliberation in November. Greece currently lacks a comprehensive tax framework for cryptocurrency, and there is no unified crypto tax regime at the EU level, with rates across European countries ranging from 8% to 30%. Since most Greek investors use offshore platforms, authorities are currently unable to estimate the market size and expected tax revenue.