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- Greece crypto tax plan would apply 15% to digital asset capital gains above €500.
- The proposal excludes individual miners, while registered crypto mining firms stay taxable.
- Israel and Illinois show wider government efforts to collect revenue from crypto activity.
Greece is preparing a 15% crypto tax on capital gains from digital assets. The Finance Ministry is drafting legislation to close a gap in existing rules. Officials expect the proposal to reach parliament in the coming months for formal review.
As per the report, the plan would place cryptocurrency profits inside Greece’s tax code. Two government officials familiar with the matter disclosed the details. One senior official said the measure would create clearer rules for investors and tax authorities.
Under the proposal, the first €500, or about $580, in gains would be exempt. Profits above that level would face the 15% rate. The crypto tax would apply to capital gains from cryptocurrency investments.
Greece Sets Crypto Tax Rules for Gains and Mining
A second official said the measure would not cover individuals mining digital assets. However, mining conducted through registered companies would remain taxable. That distinction keeps business mining within the existing company tax system.
Greece currently lacks dedicated rules for digital assets. This has left reporting obligations less defined for investors. The new crypto tax bill aims to give officials a formal basis for assessing gains.
The proposal also comes at a time when the EU and other European countries are making efforts to tax cryptocurrency activity. Tax rates are widely varied throughout the region. Rates are close to 8% in Cyprus and up to 30% in France.
Most of the European systems are based on capital gains instead of each trade. Greece seems to adopt that course in its draft legislation. The crypto tax plan for the country would apply to profits from investment activities.
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Other governments have also begun to take steps to enhance digital asset reporting. In August 2025, Israel initiated a voluntary disclosure program. It was a program to recoup undeclared cryptocurrency gains.
Israel Program Sees Low Crypto Tax Response
The Israel Tax Authority was disappointed with the turnout. It had been expected to generate as much as $1 billion in tax revenues. So far, the disclosures are said to account for only around $50 million of crypto assets.
A total of 58 taxpayers had applied for the Israeli program. Qualifying taxpayers may be exempt from criminal penalties if they rectify submissions and settle any tax debt. They must complete disclosures and payments before Aug. 31, 2026.
Illinois lawmakers approved another model in the United States. Cryptocurrency transactions will be taxed at 0.2% in the state’s fiscal year budget bill for 2027. The measure would cover all trading activities of digital asset brokers.
State budget documents estimate annual revenue of about $60 million. The industry groups have been against the transaction-based approach. The Digital Chamber and Illinois Blockchain Association issued the caution that it may adversely impact the local digital asset industry.
The move by Greece towards formal laws on cryptocurrencies is a part of the global trend towards regulating cryptocurrencies. Under the general framework of national reporting, governments are looking to tax the profits generated from exchanges and wallets. However, it is difficult to trace profits in the global trading venues.
Also Read: MiCA License Deadline Puts EU Crypto Firms Under Pressure
