Greece preparing bill for 15% crypto capital gains tax

Greece's Ministry of Finance is preparing a bill to impose a 15% capital gains tax on cryptocurrencies, Reuters reported. The legislation is scheduled to be submitted to parliament for review in the coming months. According to the plan, profits up to €500 per taxpayer will be tax-exempt. While individual mining activities will be excluded from taxation, mining companies registered as corporate entities will be taxed. Greece currently lacks a tax framework for cryptocurrencies. Tax rates on crypto assets among European Union (EU) member states range from 8% in Cyprus to 30% in France. A Greek government official noted that it is difficult to calculate the size of the domestic crypto market and forecast specific tax revenues at this time, as most local investors use overseas platforms.