Greece proposes legislation imposing a 15% cryptocurrency tax: exemptions for personal mining within 500 euros

The Greek government is drafting legislation that would levy a 15% capital gains tax on profits from cryptocurrency investments, set a 500 euros tax-free threshold, exempt individual mining activities, and is expected to submit the bill to Parliament for review within a few months—making Greece one of the first countries in Europe to build a complete crypto tax framework.
(Background: The EU’s latest crypto tax law, the “DAC8 Directive,” will take effect on New Year’s Day, using the OECD crypto asset reporting framework to crack down on tax evasion)
(Additional context: In Israel, only 58 people have disclosed crypto-related taxes through voluntary reporting to the tax authorities! The tax authority said it was “disappointed”: it had initially estimated $1 billion in tax revenue)

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• Thresholds and exemptions: Tax-free under 500 euros; personal mining not taxed
• EU DAC8 gives a boost: the reporting framework took effect on New Year’s Day
• The global crypto tax wave: from U.S. draft proposals to Israel’s enforcement challenges

The Greek government has officially taken the first step toward enacting crypto tax legislation: a senior government official said that the authorities have already begun drafting the relevant bill(s), with plans to impose a 15% capital gains tax on cryptocurrency investment gains, and that it is expected to be submitted to Parliament for deliberation in the coming months.

Thresholds and exemptions: Tax-free under 500 euros; personal mining not taxed

The draft includes two key exemption provisions. First, the first 500 euros (about NT$18,000) of gains from individual cryptocurrency holdings would be eligible for tax exemption, with the aim of protecting small investors from being burdened by administrative costs.

Second, individual cryptocurrency mining activities will not be included in the scope of taxation; however, if the mining entity is a registered company, it will be required to report and pay taxes as stipulated, to prevent businesses from evading tax liabilities under individuals’ names.

With the overall tax rate set at 15%, it sits in the middle range among European countries—lower than France’s 30%, higher than Cyprus’s 8%—and is also similar to Germany’s tax rate for crypto assets held for the short term.

EU DAC8 gives a boost: the reporting framework took effect on New Year’s Day

Greece’s move is not an isolated case. The EU’s “DAC8 Directive” formally took effect on New Year’s Day in 2026, requiring all member states to establish an information-exchange mechanism in line with the OECD crypto asset reporting framework (CARF), and requiring crypto exchanges to report users’ holdings and transaction records to the tax authorities.

DAC8 provides a mandatory incentive for countries to fill out their tax-charging infrastructure. Greece’s drafting of a capital gains tax bill is being advanced as a supporting measure within this regulatory context.

The global crypto tax wave: from U.S. draft proposals to Israel’s enforcement challenges

The legal codification of crypto taxation is accelerating worldwide at the same time. On June 5, the U.S. House of Representatives leaked 7 digital asset tax draft bills, covering controversial issues such as how mining income should be recognized and when staking rewards should be taxed—indicating that lawmakers are trying to plug gaps in the current tax laws.

However, enforcement challenges cannot be ignored either. Israel was reported on June 4 that, according to the latest statistics, only 58 people have actively filed reports on crypto asset taxes, highlighting that in the absence of mandatory reporting mechanisms and effective enforcement tools, well-designed tax-rate structures still struggle to be converted into actual tax revenue.

If Greece can pair the exchange reporting obligations under DAC8, it could theoretically obtain a more complete chain of tax information than Israel. Still, whether the bill can pass smoothly through Parliament and whether the supporting enforcement and audit capacity is in place remain to be seen.

The officials did not disclose the specific legislative timeline, only stating that it will be submitted for review in the “coming few months.” Based on the current draft progress, Greece has the opportunity to complete legislation by the end of 2026, becoming one of the first EU member states to implement a complete crypto tax framework.