Greece is pushing forward with tax legislation targeting crypto assets, planning to impose a 15% capital gains tax on investment income and exempt the first €500 from taxation. If the bill passes, digital assets will be formally incorporated into the country's tax system for the first time.

The bill is expected to be submitted to Parliament within a few months.

The report states that the Greek Ministry of Finance is drafting a bill to fill the gap in the current tax system regarding the lack of specific provisions for digital assets. Informed officials indicate that the bill is expected to be submitted to parliament for review in the coming months.

Under the current plan, this tax will apply to capital gains from cryptocurrency investments, but will not cover income from individual mining. If mining activities are conducted through a registered company, the related income will still be subject to taxation.

The key is to clarify the scope of taxation.

Officials stated that one of the purposes of this arrangement is to provide tax authorities and investors with a clearer basis for reporting and taxation. Previously, the tax treatment of cryptocurrency gains in Greece had been lacking due to the absence of specific rules.

However, the Greek government has not yet provided a forecast of the potential revenue from this tax. One reason is that many local investors buy and sell crypto assets through overseas trading platforms, making it difficult for the government to accurately estimate the size of the domestic market and actual profitability.

Multiple countries are simultaneously strengthening encrypted tax administration.

Across Europe, different countries have different approaches to taxing crypto assets. The report mentions that Cyprus has a tax rate of approximately 8%, while France can have rates as high as 30%. Most countries primarily tax capital gains rather than individual transactions.

Besides Greece, other regions have also recently strengthened their tax administration of crypto assets. The Israeli tax authorities previously launched a voluntary filing program in hopes of recovering taxes on undeclared crypto gains, but the number of filings received so far is lower than expected.

Illinois has taken a different approach. According to its fiscal year 2027 budget, which has already been passed by the state legislature, the state plans to levy a 0.2% transaction tax on crypto transactions facilitated by digital asset brokers and require these entities to register first. Local industry organizations have expressed opposition to this practice, arguing that it could hinder the development of the state's digital asset business.