Greece to Impose Crypto Tax in 2025

The Greek government is reportedly planning to introduce a tax framework for cryptocurrencies and digital assets, which currently lack recognition in the country.

On July 15, the Greek daily newspaper Ekathimerini reported that a special committee will present its findings on cryptocurrencies and digital assets to the Ministry of National Economy and Finance by September.

A proposed solution for dealing with crypto is expected, and by January 2025, cryptocurrencies are anticipated to be included in taxation.

The report stated that profits from crypto and digital asset trades would be taxed as capital gains from the sale of securities at a 15% rate.

The committee's findings will be categorized into three areas: defining and recording all cryptocurrencies, the method of taxation, and the monitoring process.

Ekathimerini also noted that, due to the current lack of legislation in Greece, profits from crypto are often "exploited" by investors, with "very few" declaring the profits from such transactions.

These investors are described as "mainly unemployed individuals or taxpayers with no income but substantial real estate holdings."

Accountants and tax experts in Greece have observed an increase in crypto activity, especially among individuals around the age of 30.

The crypto scene in Greece is reflecting a rise in user activity within the country.

Athens, the capital, has seen an increase in crypto-related events and meetups.

In April, the Greek stock exchange and the Sui blockchain announced their potential collaboration, which later materialized, leading to the deployment of a new fundraising mechanism through the Sui ecosystem.

Sources:

https://cointelegraph.com/news/greece-crypto-tax-january-2025

https://www.ekathimerini.com/economy/1243997/crypto-profit-to-be-taxed-as-of-2025/